The Fed's Silent Treatment: A Recipe for Market Mayhem Mark Zandi, Moody's veteran economist and a seasoned observer of the US economy, has sounded the alarm on a worrying trend in the Federal Reserve's communication strategy.
Historically, the central bank has provided clear guidance on what might prompt future policy decisions, but this tradition appears to be waning.
The shift is significant because it affects market participants who rely on the Fed's "reaction function," which explains how policymakers respond to changing economic conditions.