Will uncertainty increase in global markets? Former Fed Vice Chairman Richard Clarida made striking remarks on current events during a program he participated in. Richard Clarida: "A central bank targeting inflation reduction must be clear about exactly what it is targeting, as these targets can evolve over time." Comment: Clarida emphasizes that the Fed needs to adopt a much clearer communication approach. Assessment: The "transparent communication" initiated by Ben Bernanke has been replaced by the "implicit communication" of the Alan Greenspan era, now associated with Kevin Warsh. Lindsay Rosner, Head of Multi-Sector Investments at Goldman Sachs Asset Management: "We were told there will be no forward guidance. We need to understand how the Fed will respond."