Download This PaperReflections on Monetary Policy
11 Pages Posted: 15 Nov 2012
Date Written: 1995
Abstract
The president of the Richmond Fed reviews the conduct of monetary policy over the past 25 years from his perspective as a policy advisor and policymaker in the Fed during this period. In particular, he describes the evolution of the strategy of monetary policy and of the operating procedures the Fed uses in conducting policy. He concludes by repeating his call for Congress to provide the Fed with a clear and unambiguous mandate to pursue price-level stability as the primary goal of monetary policy.
Suggested Citation: Suggested Citation
Broaddus, J. Alfred, Reflections on Monetary Policy (1995). FRB Richmond Economic Quarterly, vol. 81, no. 2, Spring 1995, pp. 1-11, Available at SSRN: https://ssrn.com/abstract=2129328
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