After all, even an audience as expert as this one is more likely to lose attention if I’m reading what sounds like a PhD dissertation. (Hopefully that’s not what I sound like.) Further, we are working hard to make our communications more relatable to people’s everyday lives. Let’s use this pandemic as an example. COVID 19 has caused a huge disinflationary shock.
But we need to recognize that many people don’t feel like inflation is falling when food inflation has been averaging almost 3 percent. People should know that we are taking that into account when we make policy. Deputy Governor Larry Schembri devoted an entire speech to this topic earlier this week. A key to enhancing our relatability is listening—engaging the public in conversations.