Speech From the Shadows to the Podium: Central Banks and the Press Andrew HauserDeputy Governor Remarks at the Business Journalism AwardsSydney –It’s a privilege to be with you today and to announce the shortlist for the 2024 Walkley Business Journalism Award. Knowing how central banks see the economic outlook, and how policy will respond to changes to that outlook – our so-called ‘reaction functions’ – affects behaviour today. Despite the increasingly fractured landscape of social media and on-demand streaming, overwhelmingly the dominant source of information about central bank policy remains the good old press, TV and radio. As public officials, knowing your analysis has to withstand public scrutiny drives an enormous lift in the quality and robustness of that analysis. Of course, it’s sometimes less fun when robust press scrutiny bleeds over from the purely technocratic to the personal.

Source: New York Times October 08, 2024 02:48 UTC