Transparency requires that we periodically review our procedures, as we did in 1999, to ensure that they appropriately balance these considerations. I do not know what future changes, if any, might be called for in how we communicate, but I am confident that the Federal Reserve will continue to look for ways to communicate clearly our policies and our supporting rationales.
6  Garicano, L, Lelarge C and Van Reenen, J (2013), “Firm Size Distortions and the Productivity Distribution: Evidence from France”, CEPR Discussion Paper 9495.De Bruijn, R, Kox, H and Lejour, A (2008), “Economic benefits of an Integrated. 7  “European Market for Services”, Journal of Policy Modeling 30, 301–319.