Observers: Fed misses opportunities to boost confidence

12/20/2007 | MarketWatch

Communication issues on the part of the Federal Reserve are causing the agency to miss opportunities to increase confidence in the markets, which could be integral to whether a recession occurs, according to observers. "Right now, the Fed is having communications problems with the market ... Markets are a little confused. It is this going-back-and-forth that bothers the market," said Lyle Gramley, a former Fed governor.

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