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Stock impact report

Warsh signals that he would lead a less-transparent Federal Reserve [Yahoo! Finance Canada]

M&T Bank Corporation (MTB) 
Last m&t bank corporation earnings: 4/20 06:37 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/m
speak less frequently, pull back forward guidance, and stop telegraphing what the central bank will do before interest rate meetings. And he did not commit to holding a press conference after every policy meeting, a practice put in place by current Chair Jerome Powell that is closely watched by investors. What Warsh painted was a picture of a central bank that harkens back to the era of former Fed Chair Alan Greenspan, when there were no press conferences and no signals ahead of time of what the Fed would do, just a statement that left investors to read the Fed's tea leaves. “If you ask me my true personal opinion right now, Fed chairs and other central bankers around the FOMC, they speak quite frequently,” Warsh told lawmakers during his confirmation hearing Tuesday. “I would say this, I think truth-seeking is more important than repetition. If one has a press conference, one wants to deliver some important news.” Ever since Greenspan introduced the first post-meeting stateme Show less Read more
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