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Looking for more clarity in Fed talk

Investors must appreciate that part of Fed's communications problem is that it is operating in largely uncharted territory
Wednesday, October 2, 2013 - 06:00
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Getting it right: Economists agree that though keeping traders happy is not the job of the Federal Reserve, the answer lies in more communication and simplifying the message. - PHOTO: AFP

THE recent announcement by Federal Reserve chairman Ben Bernanke that the central bank wouldn't immediately begin tapering its asset purchases seemed to be just what markets were hoping for: Stock and bond prices both rallied on the news, increasing the net worth of millions of Americans - at