Louis Navellier (Navellier & Associates) says Fed Chair Kevin Warsh is
attempting to shift the Fed’s policy narrative by forming staff-level working
groups to improve inf forecasting and track non-inf productivity growth.
Navellier says narrative change will take time and may first show up in upcoming
Beige Book reports. Warsh announced last week working groups to study
communication, the balance sheet, data sources, productivity and employment, and
inf.