Kevin Warsh Told Jackson Hole That a "Quieter" Fed Serves Markets Better, Even as Investors Priced in Rising Odds of a Rate Hike. Here's Why Less Guidance Could Mean More Volatility.

Key Points Fed Chair Kevin Warsh wants to wean the market from its dependency on signaling about rate decisions. The restricting of outbound information from the Fed is not yet fully implemented. If that changes, it'll lead to more volatility around key dates. These 10 stocks could mint the next wave of millionaires › At his keynote speech at Jackson Hole, Wyoming, on Aug. 28, Fed Chair Kevin Warsh struck a different note from his predecessor, Jerome Powell, promising "a quieter Fed" in which the market wouldn't get as much telegraphing of how the central bank planned to act on its interest rate decisions. Investors read his tough talk on inflation during that same speech as a (not-so-quiet) signal that a hike was coming.