Why Fed tells markets about its intentions

Fri, Dec 06, 2013 - 6:00 AM

Cai Haoxianghaoxiang@sph.com.sg@HaoxiangCaiBT

[SINGAPORE] Amid criticism of the communication policies of central banks, a Nobel laureate has conjectured that the powerful US Federal Reserve gives forward guidance about its intentions not so much to help the market, which is already using the same predictive model as the Fed. Rather, Fed...