US Federal Reserve Chair Janet Yellen. Photo: Reuters US Federal Reserve Chair Janet Yellen. Photo: Reuters
US Federal Reserve Chair Janet Yellen. Photo: Reuters

Fed lost in semantic policy fog

Yellen's failure to give clearer clues on when to tighten stance and raise rates not only confuses markets, but hints at a split in the central bank

US Federal Reserve Chair Janet Yellen. Photo: Reuters US Federal Reserve Chair Janet Yellen. Photo: Reuters
US Federal Reserve Chair Janet Yellen. Photo: Reuters
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