Doesn't that reduce the effectiveness?
If the Fed ties guidance to something vague like and open-to-interpretation then I don't think it's effective. The thing about an end-date is that you can't fudge your way out of it.
If the Fed ties guidance to something vague like and open-to-interpretation then I don't think it's effective. The thing about an end-date is that you can't fudge your way out of it.