Some folks think Fed President Jerome Powell is “in over his head” in terms of communicating Federal Reserve Bank policies to the general public (read: to “professionals”).
Here’s Krishna Memani, OppenheimerFunds Inc’s Vice Chairman of Investments:
As a central banker, you don’t want to give people the opportunity to interpret things how they want to[.]
This is backwards. The Central Banker—Powell—says what he says, and he does so clearly in today’s improved environment over the last century’s deliberate obfuscation in that era’s misguided attempt to avoid confusion. It’s on “people”—professional investors—to take Powell at his words and not interpret things “how they want to,” or desperately over-parse them, or look for meanings hidden in backward-playing recordings of his statements
Investors must act only on what he actually says.