Quick Hits: The FedCIO Vantage PointAugust 07, 2013 Posted by Joe Morgan Read More
The Fed’s desire to communicate openly and transparently is running afoul. And Bernanke seems to be running afoul of the policy.
Last month, after making it clear he wanted to begin reducing bond purchases the markets sold off, particularly the interest rate markets and in a short period mortgage rates were a full point higher. Realizing they might continue to rise, he and his compatriots immediately reversed course attempting to ensure bond mavens believe QE is here to stay.