To help in this regard, we have noted in the statements we have released at the conclusion of each FOMC meeting our expectation that exceptionally low rates will likely be warranted for an extended period. Inflation forecasts and objectives.
Jukka Pelhman and Han van der Hoorn, (2010), ‘Pro-cyclicality in Central Bank Reserves management’, IMF Working Paper 10/150, June. Federal Reserve Bank of Kansas City (2018), ‘Changing market structures and implications for monetary policy’, symposium 23-25 August 2018, Jackson Hole, Wyoming. New Zealand Superannuation Fund, ‘White Paper’ series, www.nzsuperfund.nz Reserve Bank of New Zealand (2018), Statement of Intent 2018-2021, Wellington, June.