As the world marks the passing of former Federal Reserve Chair Alan Greenspan, who died on Monday aged 100, it's almost fitting that the US central bank is entering a period of "less is more" when it comes to communications -- something the "maestro" himself would have approved of.
Greenspan said many things during his 19-year tenure as Fed chair, but one remark to lawmakers in 1987 resonated more than most: "If I seem unduly clear to you, you must have misunderstood what I said."
New chair Kevin Warsh has made it unduly clear that he wants to steer the Fed away from its post-Global Financial Crisis path of forward guidance, "dot plots" and running commentary on the economy, moving back to the more opaque messaging of the Greenspan era.
