Former Federal Reserve Board Chair Ben Bernanke speaks during a discussion on "Perspectives on Monetary Policy" during the Thomas Laubach Research Conference at the Federal Reserve Board building in Washington, DC, May 19, 2023.
LONDON — The Bank of England will on Friday publish a long-awaited review by former Federal Reserve Chair Ben Bernanke that could lead to significant changes in its monetary policymaking.
The review was launched last summer to assess the Bank's struggles to accurately project the huge global spike in inflation, following Russia's invasion of Ukraine.
The first deals with how the Bank of England communicates uncertainty around its central forecasts.
The "fan chart" is the Bank's long-held method of presenting the probability distribution that forms the basis of its inflation forecasts.
Persons:
Ben Bernanke, BOE, Goldman Sachs, Bernanke, Goldman, Jari Stehn, James Moberly, Stehn
Organizations:
Federal Reserve, Thomas Laubach Research, Federal Reserve Board, LONDON, Bank of, Federal, MPC, Bank of England, Bank
Locations:
Washington , DC, Bank of England, Ukraine