Fed confronts failure to comprehend

According to this article from Bloomberg published Tuesday 27 June, five months into the term of Ben Bernanke at the Fed he and his colleagues haven't figured out how to get financial markets to understand what they are trying to do with monetary policy.

"It's now a foregone conclusion that the Federal Open Market Committee will raise its target for the overnight lending rate by a quarter-percentage point, to 5.25 percent, on Thursday," John Berry writes.

According to him, the issue is how to d

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: