alt Hacker NewsYes, one can see it this way, therefore they don’t want to provide forward guidance. One can also see it another way that ‘their job’ is to purposely use forward guidance to impact direction. Not sure which is the right way.
Yes, one can see it this way, therefore they don’t want to provide forward guidance. One can also see it another way that ‘their job’ is to purposely use forward guidance to impact direction. Not sure which is the right way.
imo, its purpose is to be independent, because raising rates (combating inflation) is unpopular. otherwise, its job is pretty simple, it does't take much expertise, gravitas or technology to choose the number or to say no to the president.