Fed’s Barr: Monetary policy is tied to financial stability

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
  strategy
• Leaning 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.