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Federal Reserve Bank of Boston
Speech
Making monetary policy: rules, benchmarks, guidelines, and discretion: remarks at the Federal Reserve Bank of Boston's 61st Economic Conference, Boston, Massachusetts, October 13, 2017
Eric S. Rosengren
Abstract

Boston Fed President Eric Rosengren weighed in on a longstanding debate: Should monetary policymakers adhere to a rules–based approach, as recent legislation would suggest? Or should they be able to determine how best to achieve the outcomes mandated by Congress (maximum sustainable employment and stable prices)?


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Eric S. Rosengren, Making monetary policy: rules, benchmarks, guidelines, and discretion: remarks at the Federal Reserve Bank of Boston's 61st Economic Conference, Boston, Massachusetts, October 13, 2017, Federal Reserve Bank of Boston, Speech 123, 13 Oct 2017.
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