Bernanke, Draghi, Carney: I just gotta get a message to you
Wednesday, July 31, 2013 - 01:42
July 31 - Getting your message across clearly and transparently is among today's central bankers' main aims. But it's not easy as Ben, Mario and Mark are finding. So which of them is making the best fist of it
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Transparency. Clarity and getting the message across in terms of the communication at least -- that aims of today's central bankers. But the last few weeks have shown us not quite as easy as it sounds. Take Ben Bernanke the world's most powerful central -- On the 22 of may he gave a strong -- the US Federal Reserve could soon start to withdraw the stimulus for the economy. What happens investors took strikes volatility swords and Marcus died. Q several fed officials rushing out to repair the damage including Bernanke himself. Markets regained deploys. But the Fed's communication strategy is on the CD scrutiny. Heat in Europe -- Connie made a splash at the Bank of England debut earlier this month markets and acted accordingly. But the jury remains out. The style of leadership and communication is new to the 300 you don't institution and to markets. It will take some getting used to. Then there's Mario Draghi president of the European Central Bank. His communication coronation came in July last year and is not famous what ever it takes speech. Fast forward a year and he did it again this time ticking elite at the fate and bank of Japan's boot by issuing forward guidance on interest rates. Tried -- challenge not as if required. To follow up his words with action. So out of the three who has come out best for on spot and say clarity and getting the message across. The market consensus. Points to money were dragging. But ultimately. Actions will have to speak louder than words.
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