Fed's Stein Muses on Marriage in Speech on Communications

        20:35 EDT -- Much of Fed Governor Stein's speech Tuesday evening is aimed at detailing the difficulty of communicating central bank policy in a way that doesn't make markets go nuts when the Fed switches gears. He draws a link between marriage and the tough policy debates that takes place on the FOMC board these days. He observes "think of why people often forgo prenuptial agreements when getting married--it is simply too painful to negotiate over every contingency ahead of time." So much for love. (michael.derby@wsj.com)
        (END) Dow Jones Newswires

        May 06, 2014 20:38 ET (00:38 GMT)