Communication
Fed should avoid communicating without a framework – Musalem
St Louis Fed president outlines his preferred view of monetary policy comms
Bessent believes BoJ will act in support of yen
‘I have information that the market doesn’t have,’ US Treasury secretary says
Warsh declines to outline Fed’s reaction function
Chair tells Jackson Hole that ‘humble, never naïve’ approach will work and assesses US economy
Will Kevin Warsh’s communications gambit pay off?
Fed chair believes less is more with comms, but experts say time is ticking on his credibility
How do central banks handle criticism in the media?
Comms staff say critiques often are constructive while stressing the need for simple language
BoE staff find uneven policy transmission across businesses
Survey findings suggest larger firms with high productivity and borrowing have better access to data
ECB speeches ‘twice as religious’ as other central banks’ – blog
Bank’s speechwriters use devotional tropes during times of crisis, LSE research finds
Comms staff need to reflect on how their messages are perceived
BoE’s Eric Tong discusses research probing how the public receives central bank messages via the media
Europe’s central banks say ‘No!’ to priority Truth Social access
Monetary authorities do not see value in seeing US president Donald Trump’s posts immediately
Anchoring expectations ‘critical’ in energy shock – BIS researchers
Most significant shock since the 90s Gulf crisis “may warrant hiking rates more quickly”
Book notes: Money: the inside story, by Rupal Patel and Jack Leslie
BoE’s latest explainer provides an entertaining and accessible guide to finance
Juha Park on the BoK’s updated monetary policy framework
Bank of Korea’s head of monetary policy communication says pre-Shin updates align with new governor’s thinking
BoE’s MPC statements not sufficiently ‘collective’, says Bean
Former deputy governor laments ‘excessive and potentially confusing emphasis on individual views’
Bullock questions whether RBA has tightened enough
Governor says Australia’s economy is cooling, but more hikes will come if they are deemed necessary
Everything you always wanted to know about money (but were afraid to ask)
Rupal Patel and Jack Leslie, authors of ‘Money: the inside story’, speak about how central banks can improve their comms – and credibility – by tackling popular misconceptions about how finance works
RBNZ says New Zealand faces greater risk of persistent inflation
Central bank’s chief economist believes monetary policy may need to respond ‘more firmly’
Perception is reality when it comes to comms – BoE paper
Study finds central bank messaging rarely reaches public, though it shapes media narratives
Governors move markets as much as ECB board members – paper
Presidents' speeches have greatest influence, followed by those given by heads of national central banks
BoJ’s June summary signals more tightening to come
Japanese board saw inflation quickening and said rates should be raised if this occurred
Governor says BoK must tighten policy ‘before it is too late’
Shin rows back on previous calls to look through inflation and says data points in one direction only
Ueda’s hospitalisation may create challenges for BoJ comms
Observers say bank is still likely to hike, but signs of future policy path will be harder to read