The Art of Fed Watching Is About to Get Trickier
The taper appears on track as the central bank prepares to meet, but the shift to qualitative forward guidance heightens the risks ahead.
Tom Buerkle
April 29, 2014
Janet Yellen, chair of the U.S. Federal Reserve, listens during an open meeting of the Board of Governors of the Federal Reserve in Washington, D.C., U.S., on Tuesday, April 8, 2014. Yellen said today "considerable slack" in the labor market is evidence that the central bank's unprecedented accommodation will still be needed for "some time" to combat unemployment. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Janet Yellen
Andrew Harrer/Bloomberg
