New chief Kevin Warsh says forward guidance dropped at Federal Reserve

Federal Reserve Chair Kevin Warsh announced that the central bank will stop providing forecasts about future actions under his leadership. The Federal Open Market Committee decided to hold interest rates steady without issuing forward guidance, which usually details the "likely future course of monetary policy." This move signals a shift in the Fed's communication strategy, potentially leading to less predictability about future monetary policy decisions. This change could impact market stability and investors' expectations about interest rates.