Experience shows that managing this challenge is more a question of good judgement than analytical skill. V.  Communication as a central bank policy tool opportunities and risks  47. Hours after the September 2001 terrorist attacks, the US Federal Reserve put out a two sentence statement: “The Federal Reserve System is open and operating.
I would like to thank UBS for the opportunity to participate in this conference. Given its importance to the Australian economy, the Bank monitors developments in China closely with a team of economists in both Sydney and Beijing. The easing in the growth of the Chinese economy over the past year or so has two related parts.