Reported 4 months ago
Cleveland Fed President Loretta Mester recommends lengthier Federal Reserve policy statements to better describe economic assessments, outlook influences, and associated risks, emphasizing the importance of clarity in uncertain economic environments. Mester criticizes the brevity of recent Fed statements under Chair Jerome Powell, suggesting that the use of additional words can enhance communication and policy understanding. She also proposes the introduction of an 'anonymized matrix' of economic and policy projections to improve the transparency and coherence of the Summary of Economic Projections published quarterly.
Source: YAHOO