Speech
Forward guidance (with reference to Monty Python, Odysseus, Apollo, Paul Fisher, Deng Xiaoping and Mario Draghi's Old Man)
Abstract: Those who think we can be more specific in stating our intentions and broadcasting our every next move with complete certainty are, in my opinion, clinging to the myth that economics is a hard science and monetary policy a precise scientific procedure rather than the applied best judgment of cool-headed, unemotional decision-makers.
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Authors
Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Speeches and Essays
Publication Date: 2014-04-22
Note: Remarks before the Asia Society Hong Kong Center