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Former BIS official criticizes central bank 'guidance' on interest rates
9:27p ET Wednesday, April 1, 2015
Dear Friend of GATA and Gold:
In the second part of his interview with the Cobden Center's Sean Corrigan and Max Rangeley, former Bank for International Settlements official William R. White criticizes what has come to pass for transparency in Western central banking -- "guidance" about likely changes in interest rates, which, White says, promotes financial speculation. If only transparency in central banking constituted full disclosure of the interventions central banks already are undertaking in the markets. Part 2 of the interview is posted at Hinde Capital's Internet site here:
https://hindesightletters.com/blog/william-white-interview-part-ii/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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