Moreover, the approach we have taken is consistent with what the science of monetary policy tells us will result in better outcomes for price stability and maximum employment. In addition, this communication strategy can help improve the performance of financial markets and increases the Federal Reserve's accountability to the public and the Congress.
While approving innovation products, financial supervisory bodies should work hard to protect such lawful rights of the investors as the right to know and the right to receive due return. We should step up our efforts in improving the Insolvency Law.