Follow the Fed, But Be Smart About It
We all know that investors and the financial media alike have become fixated on the actions of what was one time a very obscure body, the Federal Reserve Board of Governors. And it isn’t merely the financial media that increasingly focuses on the actions (or inactions) of this august body.
Johnson, Robert; Jensen, Gerald R.; and Garcia-Feijoo, Luis, "Follow the Fed, But Be Smart About It" (2015). Faculty Publications. 547.