Clarida: The Fed Is Sending Mixed Messages

The transcript discusses the Federal Open Market Committee's (FOMC) current state of uncertainty and mixed messages due to a lack of clear direction from the chair, Janet Yellen. It highlights the communication challenges within the Fed, the market's reaction to these issues, and the importance of leadership clarity. The discussion also touches on how market participants are increasingly ignoring the Fed's communications, which could impact the Fed's credibility.

What are the implications of having multiple opinions within the FOMC?

How does the current uncertainty within the Fed affect its communication with the markets?

What does the term 'intellectual crisis' refer to in the context of the Fed's current situation?

In what ways could the fragmentation of the Fed's transparency be beneficial or detrimental?

What role does Chair Yellen play in minimizing the impact of the current noise within the Fed?