Current Perceptions About Monetary Policy

Michael Bauer, Carolin Pflueger and Adi Sunderam
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Adi Sunderam: https://www.hbs.edu/faculty/Pages/profile.aspx?facId=333538

FRBSF Economic Letter, 2025, vol. 2025, issue 05, 6

Abstract: Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional forecasters and investors expect the Federal Reserve to respond strongly and systematically to changes in economic conditions. The current perceived responsiveness to inflation is particularly high relative to past responsiveness. Furthermore, the perceived importance of employment as a driver of future policy interest rates has strengthened since 2024.

Keywords: monetary policy; economic forecasting; financial markets; Monetary policy perceptions (search for similar items in EconPapers)
Date: 2025
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