How and what should the Federal Reserve communicate regarding monetary policy?
St. Louis Fed President Alberto Musalem addressed the topic today during an event hosted by
@CFMUK (the Centre For Macroeconomics) at
@LSEnews (the London School of Economics and Political Science). He shared his view that a central bank should communicate how it turns incoming information into monetary policy – the framework for policy decisions. President Musalem discussed three gains from having a clearly communicated framework: smoother monetary policy transmission, better economic outcomes and stronger accountability to the public.
Following his speech, he participated in a Q&A moderated by
@R2Rsquared (Ricardo Reis), A. W. Phillips Professor of Economics at LSE.
View President Musalem’s remarks:
bit.ly/4hDjl6Z