Nevertheless, these considerations do not exempt central banks and their speakers from using a clear, transparent and even sometimes “folksy” language, as the use of the term “feral hogs”, a very Texan expression, that Dick so effectively used in his FT interview.
Let me quote Richard again: “We central bankers deal with uncertainty, but we are obliged before society to a rigorous and disciplined handling of clarity in order to give as many certainties as possible.” This phrase is a gem of a message that should apply forever in central banking. Quite a legacy from our honored guest.