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Monetary Policy Normalization: Low Interest Rates and the New Normal

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  • Patrick T. Harker

Abstract

Philadelphia Fed President Patrick T. Harker discussed “where we were, where we are, and where we’re going” in the Fed’s effort toward monetary policy normalization during opening remarks to a roundtable at the Official Monetary and Financial Institutions Forum in New York City. Harker said the Fed is reviewing its strategies, tools, and communication practices to reflect the changes in the U.S. economy since the Great Recession.

Suggested Citation

  • Patrick T. Harker, 2020. "Monetary Policy Normalization: Low Interest Rates and the New Normal," Speech 87370, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpsp:87370
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    monetary policy;

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