There was a time not so long ago when the US Federal Reserve said very little about its policies; its leaders did their utmost to obfuscate rather than clarify. Those days are long gone. Today, we are flooded with ‘Fedspeak.’ Last week, 11 top Fed officials made 20 speeches. No wonder concerns are rising about the risk posed by over-communication to the well-functioning of financial markets, efficiency of the economy’s resource allocation and overall stability of the global system.
Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.