Mishkin: The Fed’s Credibility Is Under Historic Attack

[bobbyw24]

Former central bank governor Frederic Mishkin said the Federal Reserve is undergoing what he is calling an unprecedented level of attacks caused by its inability to articulate a clear message regarding its multitrillion-dollar monetary policies.

Mishkin told CNBC that the Fed has done a poor job justifying its efforts to buy Treasurys and other securities to revive the economy.

http://www.moneynews.com/StreetTalk/Mishkin-Fed-Credibility-Attack/2010/11/22/id/377818

[torchbearer]

when you speak orwellian language to hide your immoral behavior, it becomes hard to articulate a clear message. especially when people are paying attention.

[Travlyr]

when you speak orwellian language to hide your immoral behavior, it becomes hard to articulate a clear message. especially when people are paying attention.
So true. It was much easier when people were asleep.