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Whom to Listen to in the Fed Minutes

Thursday, February 23, 2017 13:05
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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…



Source: http://economistsview.typepad.com/economistsview/2017/02/whom-to-listen-to-in-the-fed-minutes.html

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