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Federal Reserve Bank of Cleveland
Economic Commentary
Economic conditions and monetary policy
Sandra Pianalto
Abstract

In order to set monetary policy appropriately, policymakers need to assess current economic conditions, understand how the economy got to where it is, and have a good idea of where it is heading. Because economic conditions are always in flux, good communications are important to successful policymaking. Communications can help the public appreciate policymakers’ objectives, understand their thinking about the prospects for meeting those objectives, and consider how new information might affect policy choices.


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Sandra Pianalto, "Economic conditions and monetary policy" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Jul, 2006.
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Keywords: Monetary policy
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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