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The Fed's credibility is at stake
The Fed's credibility is at stake. The one thing Chairman Ben Bernanke must not do is talk the taper for next month unless he is positive he can walk the taper when the time comes. The Fed's credibility is at stake, especially because it relies on forward guidance as a policy tool. Bernanke started laying the groundwork for scaling back bond buying in May. At his news conference in June, he offered a timeline: If the data are consistent with the Fed's forecast, tapering could start later this year. In September, he balked. Forward guidance is only as good as the ability to follow through. Don't cry wolf Ben. Read more (VIEW LINK)
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
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