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Do Rate Hikes Matter? Bitcoin Traders Learn How Fed Moves Markets in Twitter Era

The Federal Reserve has become a big believer in forward guidance over the years, starting with Ben Bernanke. But the central bank under Jerome Powell has taken transparency to a new level.

By Helene Braun

Updated May 11, 2023, 3:36 p.m. Published Jun 30, 2022, 9:26 p.m.

The Fed has changed the way it communicates since the days when newspapers were popular. (Marjory Collins/Wikimedia)

https://commons.wikimedia.org/wiki/File:The_New_York_Times_newsroom_1942.jpg — The Fed has changed the way it communicates since the days when newspapers were popular. (Marjory Collins/Wikimedia) https://commons.wikimedia.org/wiki/File:The_New_York_Times_newsroom_1942.jpg