Monetary Policy

The Japanese currency is strengthening sharply as statements from the Bank of Japan and American support increase market bets on a shift in monetary policy.

Kevin Warsh's speech at Jackson Hole marked a shift in Fed policy: moving away from excessive market signaling and returning to full accountability for inflation without external excuses.

Federal Reserve Chairman Kevin Warsh is considering reducing the number of FOMC meetings where monetary policy is determined. This move would mark a significant shift in the bank's management and transparency.