[Howard Marks: The Federal Reserve Should Reduce Communication and Let the Economy Run on Its Own]
Howard Marks, co-chairman of Oaktree Capital Management, stated that he favors the Federal Reserve reducing communication and allowing the economy to operate on its own, unless there is a risk of overheating or cooling. Federal Reserve Chairman Kevin Warsh is seeking to cut back on some guidance measures, which have constrained the central bank's room for maneuver. Reducing policy guidance requires investors to make their portfolios resilient to fragility.
