Cause it’s signals, Jerry, it’s signals!

The Wall Street Journal skriver at:

Federal Reserve officials are close to completing an overhaul of how they signal their policy plans to the public.

They are likely to spend much of their Dec. 13 meeting ironing out unresolved pieces of the new communications strategy and seem on pace to unveil it early next year. They have two major objectives: Be more explicit about the Fed’s goals for inflation and employment, and articulate more clearly the interest-rate strategy to meet those goals.

The new communications plan is more than simply public relations. The right words from a central bank about goals and plans for interest rates …

La oss ta det en gang til:

    They have two major objectives:

  • Be more explicit about the Fed’s goals for inflation and employment, and
  • articulate more clearly the interest-rate strategy to meet those goals.

Hvordan:

To articulate its interest-rate strategy, the Fed would expand its quarterly release of the officials’ projections for economic growth, inflation and unemployment. It would add details on the Fed’s interest rate expectations underlying its economic projections, along with some description of the policy it expects to employ to reach its goals.

Jeg tror WSJ overdriver når de sier ‘overhaul’. Det er uansett interessant når det er indikasjoner pa en endring i hvordan sentralbanken kommuniserer med markedet og folket.

Mysteriet rundt møtene til sentrabanken er smått legendariske. Referatet fra ett rentemøte publiseres ikke før etter tre uker har gått. Går vi lengre tilbake måtte markedet gjette på hva sentralbanken hadde bestemt!?!

For dere som har lest de siste talene til Bernanke, så kan det egentlig ikke sies mer tydelig, på sentralbankspråket. Men det er andre ting.

I april bestemte de seg for å holde en pressekonferanse etter rentemøtet og, tro det eller ei, ta spørsmål fra salen.

Ikke bare en gang i året, men fire.

Hva har de i ermet?

En graf kanskje?

(Tittelen var fra Seinfeld, ekstra poeng for episode.)

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