For example, conveying monetary policy decisions and the central bank’s views of the economic outlook depends on whether, at one extreme, a single decisionmaker determines policy or, at the other extreme, an “individualist” committee--that is, with each member taking primary responsibility for his or her vote--arrives at the decision.
On the one hand, if a sole official determines policy, then the rationale for his or her decisions can readily be summarized. On the other hand, summarizing and communicating the opinions of the disparate participants on a committee are inherently more difficult.