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Janet Yellen admits the Fed could be confusing the public with its many voices

“We’ve had a kind of democratization of monetary policy that began really under my predecessor,” Yellen added” writes Silvia Amaro for Federal Reserve Chair Janet Yellen said that one of the challenges for the central bank is the multiple members it has and how they communicate with the public.Yellen highlighted that individual speeches from committee members, mainly before a policy decision meeting, can be a hurdle for the Federal Reserve.The discussion panel — which also featured central bank chiefs from Japan, the U.K. and the euro zone — focused on how central banks communicate with the public and the markets about what they are doing to ensure price stability.

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