Kevin Warsh plans to stop scripting the Fed’s next moves. It could trigger a wild ride for traders.

Kevin Warsh, who became Federal Reserve Chair in 2025, may change monetary policy without advance notice to markets, according to James Bullard, former president of the St. Louis Federal Reserve. Bullard stated that Warsh could alter policy decisions without pre-signaling to traders. The Federal Reserve has historically provided forward guidance to markets about potential policy moves to reduce uncertainty.

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