"Forward guidance is most effective when it is clear and consistent."
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About Charles L. Evans
Charles L. Evans is an American economist who has served as the ninth president and chief executive officer of the Federal Reserve Bank of Chicago since 2007. He is known for his research on monetary policy, business cycles, and financial economics. Evans has been a strong advocate for communication transparency and forward guidance in central banking.
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"Transparency is important. It is our job to let the American public know what we are doing."
"The goal of monetary policy is not just to respond to current conditions, but also to influence future expectations."
"I am optimistic about the U.S. economy, both in terms of price stability and economic growth."
"Central bank communication should be forward-looking and contingent on future economic conditions."