Bloomberg Surveillance · Wednesday, July 29, 2026
Following criticism of Fed Chair Kevin Warsh's communication style, discussions highlighted the importance of clear questioning in press conferences to elicit meaningful responses. The emphasis on independence among Fed voters and the potential for 'vote-telling' exercises were also noted.
“We can't ask him broad questions like what is your reaction function or something like that, because then he's going to just lead those questions and we won't get good answers.”
“I think that the FED is more of a vote tailing our exercise right now. You know, you got to look at all twelve people and say which columns are they in high colder cut and seven is a majority? And which column has seven? And that's what the Fed's going to do.”
“Everybody else still wants to talk. And if you speak less, we just put more weight on the people that do speak. And that's what we'll be doing in the coming weeks.”