For this reason, we must continue to emphasize two other essential values – transparency and accountability. We must do all that we can to explain our actions and to show how they serve the public interest. That’s why we must welcome communication, broadly defined. Of course, we will continue to talk to economists and market participants, but that is not enough.
Ultimately, the legitimacy of our policies rests on the understanding and support of the broader American public, whose interests we are working to serve.