Claudia Sahm: Fed mandated to report twice a year since 1978

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55 min ago

Claudia Sahm: Fed mandated to report twice a year since 1978 — Fed reports on mandates since 1978

Claudia Sahm highlights the return of the Monetary Policy Report, reminding that when Congress assigned the Federal Reserve its dual mandates for employment and price stability in 1977, it subsequently required the Fed to report on progress toward these goals twice a year, in writing and in person, starting in 1978.

Sahm points to these requirements as essential for promoting both clear goals and accountability within the central bank.

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Sahm has previously criticized reduced communication from Federal Reserve officials, noting Kevin Warsh’s recent shift to briefer and less transparent statements here. She has also compared monetary panels, observing that a Bank of Italy group presented current monetary policy complexities more effectively than its European counterparts here. These observations align with her continued focus on transparency and clarity in central bank policy discussions.

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