What a tricky spot Michele Bullock finds herself in. Bankers have turned her colleagues’ regular confidential briefings on interest rates and macro into gossip to be traded in group chats with their buddies.

There’s a sober point to be made here: traders are in the information business. Any extra gear on how the central bank sees the economy is the coin in their realm. It’s easy to see why those not in the rooms are miffed, even if what’s being said hews to prior statements. To say nothing of literally everyone else exposed to rate movements.