Shifting monetary policy lags confuse markets and central bankers ...Middle East

Financial market participants have spent considerable time and resources trying to gauge the future direction of U.S. monetary policy. Yet, many have found it hard to get a clear or consistent handle on the factors influencing both market and policy interest rates. Recent spikes in uncertainty are, however, not a result of some mysterious monetary veil shrouding the actions of the Federal Reserve (Fed). Today’s central bankers have little or no desire to appear Delphic in their public commentary. In fact, the Fed has come long a way in its communications strategy since the early days of the Alan Greenspan era. Known for his cryptic comments, former Fed Chair Greenspan once famously qui

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Shifting monetary policy lags confuse markets and central bankers ...Middle East

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