As of last week, it wasn’t known whether Fed Chair Kevin Warsh will hold a press conference after the July policy meeting. A press conference after every policy meeting has been standard practice since 2019. I applaud Chair Warsh for his communications review. The forecast matrix known as the dot plot doesn't communicate the risks around the economy we are in, with rolling shocks, rapid technological change and geopolitical tension. Ambiguity in central banking -- about future press conferences or anything else -- seems out of place. In the piece below, I argue that the press conferences should keep their regular cadence of 8 times a year after every meeting. You might think that as a journalist I have self-interest here. Let me make some arguments away from that: 💠The Fed has missed its inflation target for five years. When you have a running C on your report card, it seems like a minimum obligation to update your sponsors every six weeks on how you are going to get back to an A. 💠The press conferences are unique within the Fed’s communications portfolio. They are mostly focused on monetary policy. The semi-annual monetary policy hearings are great. But they can wander into subjects like crypto and bank regulation. The public deserves a narrative of why a rate decision was made or not. 💠Finally, it is in the Fed’s own interest to keep the press conference going. Aggressive accountability has a way of asserting itself when an institution makes mistakes. Frequent updates will keep Congress and the White House well informed. Cut it off, and there will be blowback eventually in the form of legislated, forced transparency. The goal of the task force should be better communication not less, and I hope the press conferences evolve as well. I would like to thank @MarketWatch and their editor @JillianBerman for running this piece first. MarketWatch is doing a great job with what I call reported analysis, or insight journalism. Their active user base is engaged with these types of pieces, which is refreshing. If you are a MarketWatch subscriber, as I am, you can find it here: marketwatch.com/story/kevin-… If not, it is now on the Institute's website also: anderseninstitute.org/warshs…