> From the perspective of the historical preoccupations of central bankers,
> the FOMC blundered by getting locked into a transparent monetary policy.
> This is yet more floundering around trying to find a way out--a task that
> will be become urgent the next time the FOMC's international concerns come
> into conflict with its domestic ones.
When you say "transparent" monetary policy, you mean the requirements that they release minutes and transcripts?
Seth