Why honesty is best policy for Federal Reserve know

The US Federal Reserve's decision on Wednesday to announce specific economic objectives for its policies would have stunned and dismayed earlier generations of central bankers, who regarded secrecy as a virtue and obfuscation as a prized technique for manipulating financial markets.

"Since I've become a central banker, I've learned to mumble with great coherence," Alan Greenspan, a former Fed chairman, said in 1987. "If I seem unduly clear to you, you must have misunderstood what I said."

via Business feed http://www.scmp.com/business/banking-finance/article/1105674/why-honesty-best-policy-federal-reserve-know