Duisenberg and as of the day after tomorrow, Trichet - holds a press conference once a month during which he responds to journalists’ questions. No other large central bank dares to do the same. The ECB President also speaks to the European Parliament four times a year. In addition, the ECB has a clear objective, namely price stability.
This long-term objective of the ECB is clearer than that of the Fed,  BIS Review 50/2003  1  which must seek a balance between price stability and economic growth. Citizens and financial markets can be confident that the ECB will keep inflation low.