<p>Three former Federal Reserve Bank presidents discuss current issues facing the Fed, including the role of asset purchases in monetary policy, political pressures, the value of the Summary of Economic Projections and the “dot plot,” the role of <i>r*</i>, the value of dissents on the FOMC, and the recent changes in the monetary policy framework.</p>

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Policy, politics, and the path ahead for the fed

  • Charles L. Evans,
  • Patrick T. Harker,
  • Loretta J. Mester

摘要

Three former Federal Reserve Bank presidents discuss current issues facing the Fed, including the role of asset purchases in monetary policy, political pressures, the value of the Summary of Economic Projections and the “dot plot,” the role of r*, the value of dissents on the FOMC, and the recent changes in the monetary policy framework.