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
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