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.
