يقول وارش إن هدف صمت الاحتياطي الفيدرالي ليس مفاجأة الأسواق

Warsh took questions from the media on Wednesday. (Win McNamee/Getty Images)

Warsh spent a lot of time Wednesday discussing the lack of forward guidance from the Fed. His core message was clear: By keeping quieter, the central bank ensures it doesn't dictate market behavior.

But he made sure to note that the goal is not to catch markets off-guard. "Surprise is not the objective function," he said.

His bottom line was that markets aren't reacting to the central bank, but to to real-time events. And in that way, the Fed can capture the market's true thinking.