Clear communication is required for effective monetary policy strategy, Federal Reserve Bank of Chicago President and Chief Executive Officer Charles L. Evans said Friday.
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"I believe the Fed can meet 90 percent of its communications challenge by seeking to: 'Express policy intentions clearly so that the public can understand the Federal Reserve's goals and the Fed's commitment to achieving these goals in a timely fashion,'" Evans told a panel on communication strategy at the U.S. Monetary Policy Forum, according to prepared text of his remarks, released by the Fed.
