MNI: Fed: Policy Well Positioned To Respond To Risks

CANADA JUNE JOBS -1.4K VS FORECAST +20K, PRIOR +26.7K

MNI China Daily Summary: Friday, July 5

MNI BRIEF: PBOC Plans To Borrow Hundred Bln Yuan CGB - Press

MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

MNI: BAKER HUGHES US RIG COUNT 585; OIL RIGS 479; GAS RIGS 101

EZ/UK T-Bill Calendar: Germany, France to Issue Bills Monday

EZ/UK Bond Supply Calendar: EU/UK Syndications Due Next Week

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Too Much Fed Talk Could Be Ineffective -Jefferson

Fed Vice Chair does not comment directly on monetary policy.

USPolicy NewsHomepageCentral Bank NewsFederal ReserveNorth AmericaBriefStoryRegion

The diversity of views among Federal Reserve officials could be confusing and contribute ineffectively to the transmission of monetary policy, Fed Governor Philip Jefferson said Monday, calling for more research into the topic. He made no comments on the economic or policy outlook.

"The diversity of viewpoints among policymakers lends itself to stimulating debates and, ultimately, better policy. But in such a situation, more communication could increase rather than reduce uncertainty about our policies," he said in opening remarks for a Cleveland Fed conference on central bank communications. "We stand to benefit a lot from more research in this area." (See: MNI: Fed Messaging Swings Boost Policy Volatility-Ex-Officials)

117 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The diversity of views among Federal Reserve officials could be confusing and contribute ineffectively to the transmission of monetary policy, Fed Governor Philip Jefferson said Monday, calling for more research into the topic. He made no comments on the economic or policy outlook.

"The diversity of viewpoints among policymakers lends itself to stimulating debates and, ultimately, better policy. But in such a situation, more communication could increase rather than reduce uncertainty about our policies," he said in opening remarks for a Cleveland Fed conference on central bank communications. "We stand to benefit a lot from more research in this area." (See: MNI: Fed Messaging Swings Boost Policy Volatility-Ex-Officials)