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The national economic outlook and monetary policy

Author

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  • Charles I. Plosser

Abstract

Presented 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.

Suggested Citation

  • Charles I. Plosser, 2013. "The national economic outlook and monetary policy," Speech 85, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpsp:85
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/institutional/speeches/plosser/2013/10-08-13_johnstown-chamber-of-commerce.pdf
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    Cited by:

    1. Hoffmann, Andreas & Schnabl, Gunther, 2016. "Monetary policies of industrial countries, emerging market credit cycles and feedback effects," Journal of Policy Modeling, Elsevier, vol. 38(5), pages 855-873.

    More about this item

    Keywords

    Monetary policy; Economic forecasting; Regulatory reform;
    All these keywords.

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