MainSky Asset Management chairman Eckhard Schulte said in a report that Fed chair KEVIN WARSH's avoidance of any form of forward guidance makes it extremely difficult for markets to form coherent policy expectations. Schulte said the resulting heightened uncertainty would weigh on equities, long-dated bonds and the dollar. He added WARSH has been clear the Fed is serious about its 2% inf target and intends to achieve it, but has not provided a coherent explanation for rejecting three dissenting

MainSky Asset Management chairman Eckhard Schulte said in a report that Fed chair KEVIN WARSH's avoidance of any form of forward guidance makes it extremely difficult for markets to form coherent policy expectations. Schulte said the resulting heightened uncertainty would weigh on equities, long-dated bonds and the dollar. He added WARSH has been clear the Fed is serious about its 2% inf target and intends to achieve it, but has not provided a coherent explanation for rejecting three dissenting members who advocated rate hikes.