Fed's Barr: Monetary policy is tied to financial stability ...Middle East

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This speech is focused on managing financial crisis'.

Clear external communication, when grounded in a realistic assessment of the situation, can calm markets and reassure the public about the strategyLeaning on experts who engage in broader monitoring of financial markets and engage in outreach with well-established contacts can be important. Financial crises come about because of a lack of confidence in counterparties and among other participants in the financial system I have learned that the best crisis management occurs beforehand, by strengthening rules and norms and other structures meant to reduce the risk of a crisis in the first place and by fostering organizational values and culture that will help manage a crisis when it comes. This article was written by Adam Button at www.forexlive.com.

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