Uncertainty matters (with reference to kinky monetary policy, two nickels and a dime)

Richard W. Fisher

Speeches and Essays from Federal Reserve Bank of Dallas

Abstract: Remarks before the Causes & Macroeconomic Consequences of Uncertainty Conference, Dallas, Texas, October 3, 2013 ; \"A policy that takes a longer-term perspective and is properly communicated and executed?so as to instill confidence that monetary policy will hew to a 2 percent inflation target rather than fixate on the run-rate of the past four quarters or the outlook for the next four?may better supply the longer-term comfort that households and businesses need to plan and budget.\"

Date: 2013
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