A Layman's Guide to Fedspeak
Greenspan & Co. are the masters of coded language. Here's a look at what the Fed really means, vs. what it says
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By Kathleen Madigan
In the world of Federal Reserve watchers, analyzing the nuance of a phrase or the use of an adverb in a certain context has become an art form among economists and investors. The latest focus of attention: the word "measured" (see BW Online, 3/24/05, "Is the Fed Dragging Its Feet?")