Fed being too transparent? - BBH

By FXstreet.com | July 16, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman aid the Federal Reserve has been criticized by some because it has been too transparent and that this gives rise to a false sense of security and facilitates mis-pricing of risk.



Key Quotes



Yellen seemed to respond to this by trying to inject some uncertainty."



"There have been many false dawns and the Fed’s ability, like any prognosticator, to forecast the world’s largest economy is limited. The economic outlook is uncertain, so the timing of future rate hikes is also uncertain."



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