'Time for clarity, Mr Greenspan'

As the Federal Reserve's FOMC meets Tuesday, this article says it's time for the Fed to be clearer about its growth and inflation targets and its plans to achieve them. Now that short-term rates can scarcely fall further, successful communication is a key monetary policy instrument itself, it says.

First published in the UK edition of the Financial Times, 12 August.

The Federal Reserve Open Market Committee meets today, and must begin clearing up the predictable mess after Alan Greenspan failed

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