It is also their job to reflect the views of third parties on what we say and do. That is healthy for democracy, healthy for our accountability, and can be healthy for raising public awareness of monetary policy issues. In this rather complex communications environment, it is squarely in the Bank’s interests that the media cover monetary policy as fully and accurately as possible.
In the long run this will hurt the economy and everyone will be worse off, including those who appear to benefit from protectionist measures at first glance; the current trade tensions are a case in point. Then there are financial market risks.