I think that sharing information about our economies, the way that the central banks do in Basel and other forums, is quite useful. But it’s sharing information. It’s not coordinating policy. It’s not coordinating a single monetary policy.

In the statement, Charles L. Evans emphasizes the importance of exchanging economic information among central banks through various international forums such as Basel. He clarifies that this practice aims at transparency and mutual understanding rather than any form of policy coordination or unification of monetary policies.

Evans’ words highlight a critical aspect of global financial governance—while collaboration in sharing data is beneficial for ensuring stability and predictability within economies, it does not imply that countries should align their economic policies to the same extent. This distinction is vital as it allows each country to maintain its unique approach to managing its economy based on local conditions while still benefiting from the shared knowledge of global trends and challenges.

Charles L. Evans, a prominent figure in the field of economics and finance, has been President and Chief Executive Officer at the Federal Reserve Bank of Chicago since 2019. His insights are often sought after due to his extensive experience in monetary policy and financial market analysis.

" I think that sharing information about our economies, the way that the central banks do in Basel and other forums, is quite useful. But it’s sharing information. It’s not coordinating policy. It’s not coordinating a single monetary policy. " - Charles L. Evans

" I think that sharing information about our economies, the way that the central banks do in Basel and other forums, is quite useful. But it’s sharing information. It’s not coordinating policy. It’s not coordinating a single monetary policy. "
- Charles L. Evans