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Cato Urges the Fed to Make Its Monetary Policy Report Worth Reading
Original: Make the Fed’s Report to Congress Worth Reading
The Cato Institute is calling on the Federal Reserve to make its semiannual Monetary Policy Report to Congress more substantive and readable. The think tank argues the document has become a boilerplate exercise rather than a genuine account of the Fed's thinking, and wants officials to offer clearer reasoning behind interest rate decisions and policy outlooks so lawmakers and the public can properly hold the central bank accountable.
Why now: The Fed's report to Congress is due amid ongoing debate over interest rates and central bank accountability.
Cato InstituteFederal ReserveUS Congress
Evidence
- Make the Fed’s Report to Congress Worth Reading · Cato Institute
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