The FOMC did note one challenge it will face, both with Congress and the markets. With new policy tools, it will need to explain and educate both sets of constituents about what it is doing and how things will work. This week’s testimony may be an early signal of this education effort.
Stay tuned this week for the testimony and what it all means.
This article was written by David Blitzer, chairman of the index committee, S&P Dow Jones Indices.
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