Janet Yellen admits the Fed could be confusing the public with its many voices

Federal Reserve Chair Janet Yellen said that one of the challenges for the central bank is the multiple members it has and how they communicate with the public.

“This really is one of the challenges of our system,” Yellen told a European Central Bank panel in Frankfurt Tuesday.

“We have a very large committee, 19 people, (and) as you’ve mentioned we’ve had a kind of democratization of monetary policy that began really under my predecessor,” Yellen added.

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Economy

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