gettys berg address? a little pressure. it's nice to be back again with the nec. nearly eight years ago, when i began my time as chairman. one of my priorities was to make the federal reserve more transparent in a particular, to make monetary policy as clear and transparent as reasonably possible. i believe then as i do today that transparency and monetary policy enhances public understanding and confidence promotes informed discussion of policy options. increases the accountability of monetary policy makers. and ultimately makes policy more effect i effective between tightening the real economy. responding to the financial crisis soon became the main focus. following the stabilization of the financial system. supporting our economy's recovery from the deepest recession since the great depression has required a more prominent roll for communication and transparency in monetary policy than ever before. my remarks this evening, i'll discuss how the federal reserve's communications have evolved in recent years and how enhanced transparency is increasing the effective