Monetary Policy Normalization: Low Interest Rates and the New Normal
Abstract: Philadelphia Fed President Patrick T. Harker discussed “where we were, where we are, and where we’re going” in the Fed’s effort toward monetary policy normalization during opening remarks to a roundtable at the Official Monetary and Financial Institutions Forum in New York City. Harker said the Fed is reviewing its strategies, tools, and communication practices to reflect the changes in the U.S. economy since the Great Recession.
Keywords: monetary policy;
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Speech
Publication Date: 2020-01-15