Fed says what it means -- No interest rate cut

Central Banking staff
13 Apr 2007

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According to this article published Friday 13 April by John Berry of Bloomberg, the Federal Reserve has shown over the last three weeks that communicating the finer points of monetary policy decisions isn't easy.

"It took the Fed three attempts after the March 20-21 Federal Open Market Committee meeting -- the FOMC statement issued the day of the meeting, congressional testimony by Fed Chairman Ben S. Bernanke on March 28 and release of the minutes on April 11 --before investors and traders

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