Journal Article

A perspective on monetary policy


Abstract: This Commentary contains an insider?s view of the decisionmaking process followed by the monetary policymakers of the FOMC. In particular, Sandra Pianalto, president and CEO of the Federal Reserve Bank of Cleveland and a member of the FOMC, describes her take on the objectives, principles, and economic events that have played a role in the Committee?s decisions since last June, when it made the first of a series of interest rate increases. These remarks were originally made to the Association for Corporate Growth in Pittsburgh, Pennsylvania, on January 18, 2005.

Keywords: Federal funds rate; Monetary policy;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2005

Issue: Feb

Order Number: 1