The national economic outlook and monetary policy
AbstractPresented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia to the Greater Johnstown Cambria County Chamber of Commerce, Johnstown, PA ; President Charles I. Plosser provides his economic outlook and views on monetary policy. He discusses the recent decision of the Federal Open Market Committee (FOMC) to delay tapering the asset purchase program. Because the FOMC failed to adjust the pace of asset purchases at the FOMC’s September meeting, he believes the FOMC undermines the credibility of its own forward guidance.
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Bibliographic InfoPaper provided by Federal Reserve Bank of Philadelphia in its series Speech with number 85.
Date of creation: 08 Oct 2013
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-01-10 (All new papers)
- NEP-MAC-2014-01-10 (Macroeconomics)
- NEP-MON-2014-01-10 (Monetary Economics)
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