But the heightened weight and prominence given to forward guidance as a policy tool has certainly shined a spotlight on this longstanding debate. The desire to maintain flexibility to respond to “events on the ground” is a strong one. One can make the case that discretion is deeply ingrained in most policy institutions, particularly the Fed.
As leaders who would be using technology as a cutting edge towards excellence in services, you would all agree that these key requirements of security are required to be addressed in the sessions of today. It is gratifying to note the initiative taken by IBA in organizing such seminars and conferences which facilitate transfer of knowledge.