Mayer on Fed

[Forstater, Mathew]

> "The Fed...has become a highly theatrical enterprise, eager to seize
> attention and create attitudes. Where once the puppetmaster was behind
> the
> scenes concealing the strings, the spinmaster is now out front,
> announcing
> decisions and reasons for them while the market is open - sometimes,
> indeed,
> just before the expiration of options and futures contracts,
> leveraging the
> exposures of stock speculators for the purposes of the central bank."
> 
Martin Mayer, Editorial pg., WSJ