Federal Reserve Mussalem: The central bank should avoid issuing communication statements and policy actions that lack the support of a policy framework; otherwise, the market cannot understand its logic. Nor should the central bank “completely withdraw from communication and dialogue”; this move poses risks in terms of inflation.

Federal Reserve Mussalem: The central bank should avoid issuing communication statements and policy actions that lack the support of a policy framework; otherwise, the market cannot understand its logic. Nor should the central bank “completely withdraw from communication and dialogue”; this move poses risks in terms of inflation.