Editorial Board

The Fed Fails to Connect the Dots

A  widely misinterpreted graph only muddies the central bank's message.
by
The Editors

Not a helpful picture.

 Screengrab: Mark Gilbert

Monetary policy works best when financial markets understand the central bank's intentions. That's the correct thinking behind the Federal Reserve's forward guidance -- and it's why one aspect of its approach needs to change.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Read this article on the Terminal Request a demo to learn more

You might like:
  1. Tillerson Never Had a Chance Under Trump
  2. Trump's Poor Hiring Decisions Are Piling Up
  3. The Fraternity Paradox: Lower GPA, Higher Incomes
  4. Where Did All the Restaurant Workers Go?
  5. Debt Alone Won't Crush Puerto Rico. Depopulation Is the Curse.
  6. As Putin Turns 65, His Power Is Slowly Waning
  7. Trump Keeps Getting Rolled by His Own Cabinet