It is quite clear that the markets understand Fed policy to a much better extent than before, ... My own view is that the market's improved understanding, and the Fed's efforts to improve clarity of monetary policy decisions, has much to do with the economy's improved stability.  -   William Poole     Quotes
It is quite clear that the markets understand Fed policy to a much better extent than before, ... My own view is that the market's improved understanding, and the Fed's efforts to improve clarity of monetary policy decisions, has much to do with the economy's improved stability. William Poole