US DATA: From NY Fed Dec dealer survey- “Many dealers viewed FOMC
communication over the intermeeting period as clear and effective.
However, several others were more critical, with some indicating that
their grade was reflective of disparate messages coming from Federal
Reserve officials public communications. Additionally, some respondents
mentioned confusion around the discussion of potential changes to the
Fed’s communication policy. A few dealers highlighted Chairman
Bernanke’s press conferences as helpful.”