The most significant challenge in this setting is, however, perhaps endemic to the task: Our own policies and actions affect market prices. As a result, when we look to financial markets for information, the information we seek may be shaped in part by our own views.
We have worked hard at being transparent, and these efforts have been recognized as world-leading among central banks. But we acknowledge that we have more work to do. We can be clearer in our communications with the general public.