Yellen Must Show How 12 Fed Opinions Become One Policy

Federal Reserve Vice Chairman Janet Yellen may face her biggest challenge yet as head of a panel on communications: showing how 12 Fed officials with clashing views unify behind a single policy.

Yellen since June 2011 has led a committee created by Chairman Ben S. Bernanke to shed light on Federal Open Market Committee decision making and minimize public confusion over its goals. In January the central bank took one of its biggest steps ever toward greater openness by publishing a mission statement, an inflation target and anonymous forecasts by each FOMC participant for the main interest rate.