Goldman's top economist says the Fed's opaque new communication style will stir up market 'cacophony'

Goldman Sachs' chief economist Jan Hatzius warns that the Federal Reserve's new opaque communication style could lead to increased market volatility. The Fed, under Chair Kevin Warsh, has withheld forward-looking guidance, which may cause investors to react unpredictably. Hatzius suggests that if central bankers continue speaking about rates outside Fed meetings, volatility could worsen. This shift marks a departure from previous communication strategies.

Read More