Other elements of improved transparency include the detailed monetary policy statement released after each MPC meeting, the publication of the Monetary Policy Review, the Monetary Policy Forums as well as the numerous speaking engagements undertaken by myself and my colleagues.
Groups with higher unemployment rates have tended to benefit the most as the job market has strengthened. But jobless rates for these groups are still higher than those for whites. And while three-fourths of whites responded in a recent Federal Reserve survey that they were doing at least okay financially in 2017, only two-thirds of African Americans and Hispanics responded that way.