Wednesday, February 10, 2016

Fed may create confusion if it moves in opposite direction

I hope the Fed keeps its mouth shut for a while. If the Fed were to move in the opposite direction, start to move to ease monetary policy, it would raise confusion.

The Fed has gone a little overboard with its amount of transparency. Sometimes a bit of smokescreen, sometimes a bit of quiet, and sometimes a bit of opaqueness might serve us a little bit better.