The Mysterious Book of the Federal Reserve

Eurodollar University · Sep 9, 2023 · 18m

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You can often tell what is going to happen by what policymakers don't want to talk about - or don't want you to talk about. The history of the Fed changing the Red Book's color reveals its gimmick. Decoding the words contained inside gives us sense of what real economy participants might actually be worried about whether officials want them to or not…