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

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

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Monetary Policy and Economic Impact Economic theories and models European Monetary and Fiscal Policies

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.

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2005Average Inflation Targeting 2019Monetary Policy in a New Era 2020How Robust Are Makeup Strategies to Key Alternative Assumptions?2020Alternative Strategies: How Do They Work? How Might They Help?1964A Monetary History of the United States, 1867–1960. By Milton Friedman and Anna Jacobson Schwartz. Princeton, Princeton University Press, 1963. Pp. xxiv + 860. $15.00.2020Monetary Policy Strategies and Tools: Financial Stability Considerations 2020Distributional Considerations for Monetary Policy Strategy 2020Unemployment Rate Benchmarks

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