Fed Minutes showed that the Fed is concerned about credibility with the public more so than how their policy will affect the economy. For example from the minutes: “MANY' PARTICIPANTS JUDGED THERE WAS A 'SIGNIFICANT RISK' HIGHER INFLATION COULD BECOME ENTRENCHED IF PUBLIC QUESTIONS FED'S RESOLVE”
Fed Minutes Move Markets
Fed Minutes Move Markets
Fed Minutes Move Markets
Fed Minutes showed that the Fed is concerned about credibility with the public more so than how their policy will affect the economy. For example from the minutes: “MANY' PARTICIPANTS JUDGED THERE WAS A 'SIGNIFICANT RISK' HIGHER INFLATION COULD BECOME ENTRENCHED IF PUBLIC QUESTIONS FED'S RESOLVE”