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Thursday, February 23, 2017

Whom to Listen to in the Fed Minutes

Tim Duy:

Whom to Listen to in the Fed Minutes: When it comes to the meetings of the Federal Open Market Committee, not all central bank policy makers are created equally. There are “participants” -- all the policy makers in the room -- and there are “members,” those who have a vote. It is important to keep this distinction in mind when reading the minutes of the FOMC meetings -- especially because many of the more hawkish members of the Fed are participants, not members.
Continued at Bloomberg Prophets...

    Posted by on Thursday, February 23, 2017 at 11:55 AM in Economics, Monetary Policy | Permalink  Comments (15)


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