Markets
Hall and Woodford Won the Economics Nobel for Models Behind Forward Guidance. Forty-Five Days Earlier, the Fed Chair Said the Practice "Has Overstayed Its Welcome."
Robert E. Hall and Michael Woodford won the 2026 economics Nobel on Monday for the microeconomic foundations of stabilisation policy. The Academy credits Woodford, among others, with proposing forward guidance. On 28 August Fed Chair Kevin Warsh said the practice "has overstayed its welcome."
