- San Francisco Fed President John Williams: the Fed’s communications strategy (forward guidance) was effective
Market news
26 February 2016
San Francisco Fed President John Williams: the Fed’s communications strategy (forward guidance) was effective
San Francisco Fed President John Williams said on Friday that the Fed's communications strategy (forward guidance) was effective.
"So, like a sledgehammer, strongly worded forward guidance can be a powerful tool when it's needed. But, like a sledgehammer, care needs to be taken when and where it is used," he said.
Williams pointed out that vague hints about future policy seemed to be ineffective.
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