Just how good is the Fed?

Just how good is the Fed?

Headline: Just how good is the Fed?Source: EuromoneyDate: September 2001Author: James Smalhout Alan Greenspan In the central bank effectiveness stakes the European Central Bank has been most often compared – generally unfavourably – with the US Federal Reserve. Certainly the Fed seems more responsive to market movements and talks to the […]

Headline: Just how good is the Fed?
Source: Euromoney
Date: September 2001
Author: James Smalhout







Alan Greenspan

In the central bank effectiveness stakes the European Central Bank has been most often compared – generally unfavourably – with the US Federal Reserve. Certainly the Fed seems more responsive to market movements and talks to the market rather a lot too. But then how effective is all this communication?

“Loose lips sink ships” was the wartime watchword in official Washington. But who would know it today? The formerly secretive Federal Reserve doesn’t seem the least bit concerned when its people speak their minds in public.

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Just how good is the Fed?

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