Markets having trouble grasping ‘data-dependent' policy, says Kansas City Fed director
Troy Davig discusses US productivity puzzle and weak euro's threat to exports
The Federal Reserve is struggling to communicate a central tenet of its monetary policy to markets, despite a push to better explain officials' thinking, according to the research head at the Federal Reserve Bank of Kansas City.
Speaking at the National Asset and Liabilities Management conference in Singapore today (July 8), senior vice-president and director of research Troy Davig said the fact that Fed policy is data driven rather than scheduled had yet to sink in with investors.
He
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