Lessons in communication for Kevin Warsh. With Chris Giles

美联储主席一句话,美债收益率飙了!

The Economics Show

2026-10-16

28 分钟
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单集简介 ...

It is not a calm time in the markets. Investors are losing their cool while bond yields rise along with inflation. So where are central bankers? Offering words of calm? Or adding to the anxiety? The Fed’s Kevin Warsh has been telling people they need to look to the data, not to him. But is it that simple? The FT’s Chris Giles joins host Soumaya Keynes to talk through what makes for good central banker communication – and what happens if the message gets lost. Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen. Presented by Soumaya Keynes. Produced by Katya Kumkova. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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单集文稿 ...

  • It is not a calm time in markets right now.

  • Amid the war in Iran,

  • an extraordinary AI buildout,

  • and fears about unsustainable public finances,

  • bond yields have been climbing.

  • As investors lose their cool,

  • where are central bankers?

  • Offering words of calm

  • or adding to the anxiety?

  • Or perhaps they're taking this moment,

  • this tense moment,

  • to reevaluate the way that they communicate.

  • Transparency in communications about future policy decisions

  • is not an end unto itself.

  • Communications must be in service

  • to the Fed's paramount responsibility.

  • And what is that?

  • That's getting policy right.

  • I am, of course, referring to one central banker in particular:

  • Kevin Warsh, the new chair of the Federal Reserve,