Federal Reserve leaks policy information, regularly and predictably timed

Author: Eamonn Sheridan | Category: Central Banks

A researcher says the Federal Reserve regularly leaks secret information about monetary policy

  • The leaks are predictably timed

Claims by University of California Berkeley professor Annette Vissing-Jorgensen

  • "The most important and likely channel through which information gets from the Fed to asset markets is informal communication with the media or private financial institutions"
  • The leaks -occur frequently, are not necessarily bad
  • Fed officials may want to test market reaction to a particular policy move ahead of time, and leaks are one way to do so.

Reuters with more

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