Fed best at policy communication? Not necessarily

UK - If you thought the U.S. Federal Reserve was the paradigm of central bank transparency while the European Central Bank struggled to communicate policy, think again. This comes from a recent report entitled "How Do Central Banks Talk?" published by the London-based Centre for Economic Policy Research and the Geneva-based International Center for Monetary and Banking Studies.

A study by a group of economists - including former Fed Vice Chairman Alan Blinder - argues the world's most influent