Fed’s Stein: Central bank shouldn’t worry about market reaction to communication

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Fed’s Stein: Central bank shouldn’t worry about market reaction to communication

Financial Markets News 0

WASHINGTON (MarketWatch) — Federal Reserve Gov. Jeremy Stein on Tuesday night said the central bank needs to worry less about market volatility in its communications as he noted the feedback loop current policy encourages. “There is always a temptation for the central bank to speak in a whisper, because anything that gets said reverberates so loudly in markets,” Stein told an audience at New York University. “But the softer it talks, the more the market leans in to hear better and, thus, the…



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