The director of the Fed's Division of Monetary Affairs Vincent Reinhart told the Kansas City Fed's conference Saturday that the FOMC's communication of its policy stance and intentions is still "a work in progress" Market News International reported. Donald Kohn criticised academic presenters at the Wyoming meeting saying their call for a rule based method of interest rate setting was "a little artificial".
Source: Market News International
While central bankers must "speak more clearly," marke
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