Central bankers can be inscrutable folk.
They issue statements regarding the economy that can sometimes be a bit enigmatic and vague.
Economists and journalists pore over every word of each press release, trying to read between the lines and guess at what the central banker is thinking and planning.
At other times, however, central bankers are more forthright.
They issue what is known as “forward guidance”: clearcut statements about the likely course of future monetary policy.
They may plainly state that at their next scheduled meeting, interest rates will be going up (or down). People are able to make decisions about mortgages or loans based on that foreknowledge.
Don’t you wish that God offered “forward guidance”?
Wouldn’t it be wonderful if God let you know in advance what’s coming down the pike in your life?Read more