Speech

The national economic outlook and monetary policy

Abstract: Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia to the Greater Johnstown Cambria County Chamber of Commerce, Johnstown, PA ; President Charles I. Plosser provides his economic outlook and views on monetary policy. He discusses the recent decision of the Federal Open Market Committee (FOMC) to delay tapering the asset purchase program. Because the FOMC failed to adjust the pace of asset purchases at the FOMC?s September meeting, he believes the FOMC undermines the credibility of its own forward guidance.

Keywords: Monetary policy; Economic forecasting; Regulatory reform;

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Speech

Publication Date: 2013-10-08

Number: 85