Fed Drops References to Global Risks in Outlook

The transcript discusses the Federal Reserve's communication strategy, particularly the absence of explicit references to risks in their statements. It highlights Janet Yellen's ability to manage market expectations without causing significant volatility. The discussion includes market reactions to Fed announcements and Yellen's skill in using precise language to align market expectations with Fed actions.

What does the speaker imply about the documentation of the meeting's Minutes?

In what ways did the committee aim to manage market expectations according to the speaker?