Posts tagged ‘central bank’

Don’t Fight the Fed and Don’t Combat Carney: Forward Guidance at the Bank of England



Mark Carney has really put his stamp of authority on the Bank of England (BoE). After just one month as the BoE’s new governor, he’s already shaking things up. At the latest meeting of the Monetary Policy Committee (MPC), he introduced forward guidance that would have been almost unimaginable…

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What the Fed Said, or, What You Heard Isn’t What I Meant



I know you think you understand what you thought I said, but I’m not sure you realize that what you heard is not what I meant. Alan Greenspan said it, but it certainly captures what current Fed chairman, Ben Bernanke, has to be thinking. In his efforts to be open and transparent, Bernanke has…

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