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Opinion: Bank of Canada should ignore the Fed and keep talking

New Fed Chair Kevin Warsh is going to be terser in discussing how it sees the economy evolving. The Bank of Canada should not do the same

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Communication is key to central banking. And key to that communication is the fine line between creating confusion by saying too much and creating unnecessary uncertainty by saying too little. Under its new Chairman, Kevin Warsh, the United States Federal Reserve is headed in the direction of minimalism. We think the Bank of Canada should keep talking and should also start providing projections of the path of interest rates.

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