In this Fortune column, the ConnectOne Bank CEO argues that leaders often feel pressure to give answers they don't yet have, and that clarity, meaning explaining what you are watching, what would change your mind, and how you will respond, matters more than certainty. He points to Federal Reserve Chair Kevin Warsh's move away from detailed forward guidance toward sharing the Fed's framework and the facts as it sees them, rather than forecasting rate decisions. Drawing on ConnectOne's growth from a de novo community bank founded in 2005 to nearly $15 billion in assets, through the 2008 financial crisis, the pandemic and rate swings, he says leaders should explain how they will adapt rather than predict outcomes. He advises CEOs to give employees, clients and shareholders a clear picture of where the company stands without overloading them with every scenario. The key message is that leaders should keep moving and explain their response as conditions change, since certainty is rarely available.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: ConnectOne Bank CEO : what Kevin Warsh quieter Fed can teach CEOs about communicating uncertainty
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