Being quizzed on forward guidance and whether a rules based policy should be followed
- Says she doesn't agree with a rules based policy
What is it with yanks and wanting to have every inch of the Fed processes nailed down to the finest detail. That's not how things work. It's like trading. One rule that works one day doesn't work the next. You can't tie an economy and monetary policy down to a list of rules. If they did they'd tie themselves up in knots
- Would strongly resist agreeing to follow any rule that meant policy depended on two variables
