Oaktree Co-Chairman: Fed Should Communicate Less and Let the Economy Run Its Course

On September 20, Howard Marks, co-chairman of Oaktree Capital Management, said he would prefer the Federal Reserve to communicate less. Fed Chair Warsh is seeking to scale back some forward guidance measures, which he previously said have constrained the central bank's room for maneuver in recent years.

"Personally, I would prefer a less interventionist Fed," Marks said on Sunday. "Typically, the Fed should let the economy run on its own unless it faces risks of spiraling out of control, such as overheating or overcooling." Marks said that reducing policy guidance means investors must make their portfolios more antifragile, which is beneficial to society.

[TechFlow]