How Warsh can avoid a repeat of July's communications mess

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Seven weeks ago, Warsh took questions from the media, and it didn't go well . Markets sold off as he seemed vague and evasive about the reasoning behind the latest interest rate decision. Wednesday, he gets a do-over. Why it matters: Investors will be thirsty for a more detailed explanation of the Fed's decision than the one Warsh offered in late July — even while respecting his intention not to give explicit guidan…

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