Frederic S Mishkin: Headline versus core inflation in the conduct of monetary policy Remarks by Mr Frederic S Mishkin, Member of the Board of Governors of the US Federal Reserve System, at the Business Cycles, International Transmission and Macroeconomic Policies Conference, HEC Montreal, Montreal, 20 October 2007.
Turning to data wishes, as outlined earlier, further sectoral detail is necessary for an adequate analysis of risk exposures and to account for the activities of purely internationally oriented entities. There are important ongoing initiatives in this direction, both at a global level and within the ESCB.