Column - Max Bublitz
Ben Bernanke's recent drive to increase transparency within the Fed is well-intentioned, but at times of financial stress the market needs strong leadership not 'free association sessions'
Transparency is the new buzzword in central banking circles. In fact, Fed supremo Ben Bernanke is so committed to showing how monetary policy sausage is made that he commissioned a task force headed by none other than vice-chairman Donald Kohn to explore methods for enhancing our viewing pleasure. The idea, at least in theory, is to reduce uncertainty and the attendant market volatility surrounding future policy decisions. Nevertheless, given the range of unconstrained and widely varying streams
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