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Yellen, Janet L. on 2017 November 14 at 03:00

Individual [Fed officials] should be explaining in their speeches, elaborating what's on the statement and explaining what we have agreed upon. We agreed that having done that, individuals can go out and explain their individual perspectives. I would say that guidance hasn't been totally faithfully followed.

"Individual [Fed officials] should be explaining in their speeches, elaborating what's on the [Fed's decision] statement and explaining what we have agreed upon. We agreed that having done that, individuals can go out and explain their individual perspectives," she said. However, she added: "I would say that guidance hasn't been totally faithfully followed, although many of my colleagues do try to do that, and the press tends to pick up on differences, (which is) particularly difficult when we have an upcoming policy decision." … Yellen admitted that it is hard to find a solution to this problem. "Probably we will never, given our structure and size, be able to deal with this totally effectively," Yellen told the audience. Yellen, Janet L.

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