Thank you, Ed, for the kind introduction and for the opportunity to speak.1 You and the organizers of this conference have put together an excellent program on a very important topic, central bank communication, which is key for effective transmission of monetary policy to the economy. To fulfill our dual mandate of promoting maximum employment and price stability, it is vital that we make good monetary policy decisions and that we communicate those decisions to the public effectively. Today, I'll do three things. First, I'll discuss the channels that the Federal Reserve currently relies on in its communications with ... (full story)