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The Federal Reserve’s Review of Its Monetary Policy Framework: A Roadmap

Author

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  • David E. Altig
  • Jeffrey C. Fuhrer
  • Marc Giannoni
  • Thomas Laubach

Abstract

In early 2019, the Federal Open Market Committee (FOMC or the Committee) launched a comprehensive review of its monetary policy framework (MPF)—the strategies, tools, and communication practices employed by the Federal Reserve to achieve its congressionally mandated goals of maximum employment and price stability.

Suggested Citation

  • David E. Altig & Jeffrey C. Fuhrer & Marc Giannoni & Thomas Laubach, 2020. "The Federal Reserve’s Review of Its Monetary Policy Framework: A Roadmap," FEDS Notes 2020-08-27, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2020-08-27
    DOI: 10.17016/2380-7172.2767
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    Cited by:

    1. Darracq Pariès, Matthieu & Notarpietro, Alessandro & Kilponen, Juha & Papadopoulou, Niki & Zimic, Srečko & Aldama, Pierre & Langenus, Geert & Alvarez, Luis Julian & Lemoine, Matthieu & Angelini, Elena, 2021. "Review of macroeconomic modelling in the Eurosystem: current practices and scope for improvement," Occasional Paper Series 267, European Central Bank.
    2. Jerome H. Powell, 2020. "New Economic Challenges and the Fed's Monetary Policy Review: At "Navigating the Decade Ahead: Implications for Monetary Policy," an economic policy symposium sponsored by the Federal Reserv," Speech 95754, Board of Governors of the Federal Reserve System (U.S.).
    3. Jaromir Tonner, 2022. "Current trends in macroeconomic modelling in central banks in light of the turbulent nature of recent events," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - July 2022, pages 14-20, Czech National Bank.
    4. Richard H. Clarida, 2020. "The Federal Reserve’s New Monetary Policy Framework: A Robust Evolution: At the Peterson Institute for International Economics, Washington, D.C. (via webcast) August 31st, 2020," Speech 95755, Board of Governors of the Federal Reserve System (U.S.).

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