Economist says central bankers are right to be vague
A rationale for FedSpeak- from the University of Leicester:
Central bankers are right to avoid being completely clear about the state of the economy, according to a game theory expert who has been appointed Professor of Economics at the University of Leicester.
Extolling the benefits of being vague, Chris Wallace, who joins Leicester from Oxford University where he was Professor of Economic Theory, says bank chiefs who provide “ ...
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