The One Thing the Fed Should Say, but Doesn't

Central bankers are communicating more, with formal statements much longer than a decade ago. Janet Yellen and the Fed need to coordinate with other central banks to raise benchmark borrowing costs effectively. In the past, the Fed coordinated only during crises, but now global economic risks necessitate more communication. Risks include Japan's lending practices, China's debt issues, Europe's growth struggles, Brexit, and Brazil's political crisis. While other nations lower borrowing costs, the Fed moves in the opposite direction. Coordination and support from other central banks are crucial for the US.

What has changed about the length of formal statements made by central bankers compared to a decade ago?

Why does the Fed need to coordinate with other major central banks according to the text?

What are some of the global risks mentioned that could affect the US economy?

How has the interest paid by government bonds changed in recent times?

What is the implication of the statement 'the US can't go it alone anymore' in the context of the Fed's actions?