Fed Fog Index

This one, he got some princely racket
That's what I said now
Got some big seal upon his jacket
--Spin Doctors

Interesting analysis by The Economist on the increasingly opaque wording of FOMC statements. The fog index began increasing around the year 2000 under Greenspan's tenure. It then jumped higher with the commencement of Quantitative Easing under Bernanke.

It's been ratcheting higher since.

The Fed's communication strategy: Make it sound complicated, and perhaps the people will let us get away with murder. Murder of the dollar, that is.