Fed Transparency = Confusion

The new Fed minutes discussion of Fed Funds target levels in Jan. predictions is supposed to lean the Fed toward more oneness. The idea is nothing but confusing. With the rate already entrenched in zirp the guidance is only relevant for dissenters or earlier  exits. By including discussion of more QE and risks to the recovery, exit was not a plan. Thank Ron Paul, beating on the Fed is pushing them to try more communication. The truth is transparency reduces efficacy in Fed policy. result? fail.

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