Communication challenges

Abstract: 2014 U.S. Monetary Policy Forum, Initiative on Global Markets, The University of Chicago, Booth School of Business, February 28, 2014, New York, NY President Charles I. Plosser discusses his views on the FOMC's forward guidance, which seeks to inform the public about the future path of monetary policy. He discusses why the FOMC should revamp its forward guidance as the unemployment rate nears the 6.5 percent rate threshold.

Keywords: Federal funds rate; Federal Open Market Committee (FOMC); Monetary policy; ;

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Speech

Publication Date: 2014-02-28

Number: 93

Pages: 8 pages