News Summary

• Fed Chairman Kevin Warsh's more secretive approach to policy guidance could come back to bite him.
• "I am in agreement that forward guidance about the path of the funds rate isn't needed in the current environment," Goldman Sachs chief economist Jan Hatzius says.
• Warsh is off to a somewhat rocky start leading the world's most powerful central bank.
• Traders moved to price in a nearly 61% probability of an interest rate hike at the mid-September FOMC meeting."I don't want to say what [Warsh will] have to do, but I would say that the market obviously likes more information," Carlyle CEO David Rubenstein says.