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Federal Reserve Bank of Cleveland
Speech
The Economic Outlook, Monetary Policy, and Normal Policymaking Now and in the Future; 10.25.18 Money Marketeers of New York University, Inc., New York, NY
Loretta J. Mester
Abstract

I thank the Money Marketeers of New York University for inviting me back to speak tonight. When I was here four years ago, I discussed the important role that Federal Reserve communications play in making effective monetary policy and the need for these communications to evolve as we moved from a period of extraordinary monetary policymaking to more normal policymaking. At this point, that transition to more normal policymaking has been underway for some time, reflecting the health of the U.S. economy and the progress that’s been made on the FOMC’s monetary policy goals. Tonight, I’ll talk about the economic outlook and monetary policy, FOMC communications, and upcoming considerations that will help determine what normal policymaking will look like in the future. My remarks will reflect my own views and not necessarily those of the Federal Reserve System or my colleagues on the Federal Open Market Committee.


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Loretta J. Mester, The Economic Outlook, Monetary Policy, and Normal Policymaking Now and in the Future; 10.25.18 Money Marketeers of New York University, Inc., New York, NY, Federal Reserve Bank of Cleveland, Speech 101, 25 Oct 2018.
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Keywords: Economic Growth; Labor Markets; Inflation; Monetary Policy
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