Central Banks and Financial Market Volatility

Central banks are encountering difficulties in communicating their policy stance

http://www.project-syndicate.org/print/monetary-policy-overkill-in-the-us-and-china-by-barry-eichengreen

http://www.nytimes.com/2013/07/11/business/economy/rising-chorus-at-the-fed-to-end-stimulus-sooner.html

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Meanwhile, Stanford economist John Taylor expresses concerns about delays in ending QE:

http://online.wsj.com/article/SB10001424127887323899704578587303796843468.html