If there is an inverse to fedspeak, Alan Greenspan’s infamous tendency to shroud monetary policy in the cloak of intentional obfuscation, it would have to be what’s now on display all around 2021 regarding the current state of the major global factors. Inflation or deflation? Recovery or back to less? Maybe not even that good.
What the “maestro” sought was to maintain the aura of a functioning, omnipresent central bank by never saying anything and thereby allowing the already-awed public (and financial press, most of all) to fill in every gap positively.
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