By Rob Morgan The Federal Reserve had its first meeting of 2020 last Wednesday.
Typically, after a meeting, the Fed will make three moves…
First, it will issue a brief statement, which it did last Wednesday.
Then, periodically, the chairman – currently Jerome Powell – will have a press conference. But we got no press conference from the Fed last week.
Finally, the month after the meeting, the Fed minutes will be issued.
These three forms of communication are some of the most closely parsed words in the world.
But when a Fed chair is new, they sometimes make rookie mistakes.
For example, then-Fed Chair Ben Bernanke, who shepherded the …read more
