Tuesday, May 28, 2024

"Central bankers should acknowledge blind spots, Fed's Mester says"

Hear, hear!

From Reuters, May 24:

AMELIA ISLAND, Florida, May 24 (Reuters) - In nearly 40 years working for and helping lead the Federal Reserve, Cleveland Fed President Loretta Mester was part of a revolution that saw the U.S. central bank offer ever more detailed and plentiful commentary on the economy and monetary policy.
 
As she heads towards mandatory retirement in June, the Cleveland Fed chief has a parting thought: With the economy in flux following the COVID-19 pandemic and with uncertainty surrounding even basic aspects of how things work, precision may be an enemy....
....MUCH MORE
 
If interested see also Friday's: "Central Banks Mission Creep