Fed Lack of Clarity Drives Volatility, Deutsche’s Ruskin Says

Ben S. Bernanke’s efforts to provide better communication to markets have backfired as investors speculating on the Federal Reserve chairman’s plans to taper bond buying have driven volatility higher, according to Alan Ruskin of Deutsche Bank AG.

“We want to know a lot in terms of clarity -- what are the data parameters behind this? When you taper, how do you taper?” Ruskin, global head of Group of 10 foreign-exchange strategy in New York at Deutsche Bank, said on Bloomberg Television’s “Surveillance” with Tom Keene and Scarlet Fu. The Fed’s “transparency isn’t actually working terribly well -- it’s actually engendering market volatility.”