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Forward Guidance Is Hard; So Is Navigating A Ship By Focusing On The Expected Path Of Its Rudder
[at Seeking Alpha] - Forward guidance took a beating this week. First, San Francisco Fed President John Williams said its use is often oversimplified, easily misinterpreted, and time-inconsistent. Next, an important Bloomberg ...
http://us.rd.yahoo.com/finance/exte...-the-expected-path-of-its-rudder?source=yahoo
[at Seeking Alpha] - Forward guidance took a beating this week. First, San Francisco Fed President John Williams said its use is often oversimplified, easily misinterpreted, and time-inconsistent. Next, an important Bloomberg ...
http://us.rd.yahoo.com/finance/exte...-the-expected-path-of-its-rudder?source=yahoo