📢 From public health to the economy, public officials are easy targets to blame.
In the case of central bankers, one reason seems to be they make it easier to understand how they make moves.
According to a study from the Bank of France, now it takes only 10 years of education to understand the Fed vs. 16 years at the beginning of the pandemic.
BoE and ECB have not lowered the language complexity of their statements, but they rolled out the “in a nutshell” and “in a glance” versions - to lower the education needed to grade 6.
Given the wide-range impacts of the policies, it is important to explain the thinking behind the actions,
With plain language.
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