Using the Fed Scorecard

TSC's Fed Scorecard is intended to help you assess the importance of the headlines that break when Fed heads open their mouths.

When Fed Chairman Alan Greenspan speaks, it's always important. But a headline that screams "U.S. ECONOMY IN DANGER OF OVERHEATING" means something different depending on whether the speaker is a fire-breathing monetarist who routinely balks at lowering interest rates, or a non-ideologue who has never dissented from a Federal Open Market Committee vote. ...