Making monetary policy: rules, benchmarks, guidelines, and discretion: remarks at the Federal Reserve Bank of Boston's 61st Economic Conference, Boston, Massachusetts, October 13, 2017

Eric Rosengren ()

No 123, Speech from Federal Reserve Bank of Boston

Abstract: Boston Fed President Eric Rosengren weighed in on a longstanding debate: Should monetary policymakers adhere to a rules?based approach, as recent legislation would suggest? Or should they be able to determine how best to achieve the outcomes mandated by Congress (maximum sustainable employment and stable prices)?

Pages: 12 pages
Date: 2017-10-13
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