FedIMPORTANT
Fed’s Musalem says it’s vital that the public understands how the central bank thinks and acts; monetary policy works better when the public understands it; communication isn’t necessarily the same as forward guidance
ORIGINAL · NewsquawkFed’s Musalem says it’s vital that the public understands how the central bank thinks and acts; monetary policy works better when the public understands it; communication isn’t necessarily the same as forward guidanceRead originalHide original
Is focused on preventing second round inflation impact like in service sector.
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Musalem emphasized public understanding of Fed policy, distinguished communication from forward guidance, and was reported focused on preventing second-round inflation effects in services.
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Is focused on preventing second round inflation impact like in service sector.
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