AXIOS (Neil Irwin) - Top central bankers align on rewriting the policy playbook
It's not just an American thing. Central bankers from other top Western democracies also believe that they should communicate less about where policy is going. Why it matters: There was striking alignment of views among the heads of the European Central Bank, Bank of England, Bank of Canada and the U.S. Federal Reserve on display in Portugal. - It suggests that Kevin Warsh's ascent to Fed chairmanship is helping trigger a global turning of the page on some of the monetary policy assumptions of the last couple of decades. State of play: Warsh has been a longtime critic of forward guidance , of central banks laying out explicitly what they anticipate doing in the future. He had like-minded company on stage at the ECB's annual conference in…