Warsh may skip the Fed’s rate forecast grid

Federal Reserve Chair Kevin Warsh is expected to avoid submitting his own interestrate projection when the central bank releases its updated “dot plot” this week, according to Wall Street watchers. The dot plot is part of the Fed’s quarterly Summary of Economic Projections, which shows where officials expect rates, inflation, unemployment and growth to go over time. Markets watch it closely because it offers clues about how policymakers view the economy and future rate decisions. Warsh has criticized the Fed’s use of forward guidance, arguing that it can limit flexibility and encourage officials to stick with forecasts for too long. Some economists say skipping the dot would mark a break from years of Fed practice, while also signaling a possible shift in how the central bank communicates with the public.