scorecardresearchUS Fed shredding 'forward guidance' - for good or ill

US Fed shredding 'forward guidance' - for good or ill

Updated: 15 Jun 2022, 12:24 PM IST
TL;DR.
The latest of this year's financial market quakes is a snapshot of how one of the three main monetary policy levers has been junked of necessity and, probably, by choice.
In this file photo taken on March 02, 2022 US Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the Fed's Semiannual Monetary Policy Report to the Congress, on Capitol Hill in Washington, DC. (Photo by Jonathan ERNST / POOL / AFP)

In this file photo taken on March 02, 2022 US Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the Fed's Semiannual Monetary Policy Report to the Congress, on Capitol Hill in Washington, DC. (Photo by Jonathan ERNST / POOL / AFP)