B · Normal
[Apollo Global Management expects Warsh to issue a "hawkish" outlook on the U.S. economy] August 27th, Apollo Global Management believes that Federal Reserve Chairman Kevin Warsh will issue a "hawkish" economic outlook when he speaks in Jackson Hole on Friday in order to control long-term yields. Warsh is "absolutely right that forward guidance is a bad idea," said Torsten Slok, chief economist at Apollo. "But most people also agree that structured guidance is a good idea, and now we need to get some structured guidance from him."
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