What will Kevin Warsh do? He's not telling

Federal Reserve Chairman Kevin Warsh has, once again, kept his cards close to his chest ahead of a Federal Open Market Committee meeting. However, despite repeated reminders he won’t be offering forward guidance, Warsh may begin laying out a better framework for how he will make decisions.

“It’s a teething process,” said Randy Kroszner, an economist at University of Chicago’s Booth School of Business. “Kevin does not, clearly, want to give [forward guidance]. He’s learning what are the pieces that the market’s want to help them feel more comfortable about his framework.”

Marketplace host Kristin Schwab spoke with Randy Kroszner about what data seems important to Warsh’s decision making and what the crystal ball says about next week’s FOMC meeting.

To listen to their full conversation, click the audio player above.