The Fed is withstanding an unprecedented level of attacks caused by its inability to articulate...

|By:, SA News Editor

The Fed is withstanding an unprecedented level of attacks caused by its inability to articulate a clear message about its monetary policies, former Fed governor Frederic Mishkin says. "The credibility of the Fed has been hurt not only by the issue of not putting this in a long-run context," he says, "but secondly by the tremendous dissension from the committee."