Of course, there is always room for further improvement, and therefore the Committee continues to explore ways of enhancing the clarity of our communications.
For example, as noted in the minutes of our September meeting, we have been discussing potential approaches for providing more information – perhaps through the SEP – regarding our  6  BIS central bankers’ speeches  longer-run objectives, the factors that influence our policy decisions, and our views on the likely evolution of monetary policy.7 Fiscal policy Turning now to fiscal policy, since the onset of the recent recession and financial crisis, the federal budget deficit has widened significantly.