The Fed's Communication Failures This Year Are Largely Janet Yellen's Fault Staff
Posted: Oct 09, 2013 10:17 AM
The only thing that may be more important than monetary policy itself is how it's communicated to the markets. For much of the year, the Federal Reserve has signalled that it would begin tapering its large-scale asset purchase program. Most economists expected the tapering to be announced at the September FOMC meeting.