SAN FRANCISCO/NEW YORK, Dec 17 (Reuters) – Federal Reserve
Chair Janet Yellen pulled off a tricky policy transition on
Wednesday, clearly telegraphing that interest-rate hikes are
approaching even while three of her colleagues at the U.S.
central bank objected to her new message.
The Fed has been slammed for sloppy communications in the
past, especially after then-Chairman Ben Bernanke accidentally
set off a global market rout last year.