For release on delivery Noon EST February 22, 2019  The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices  Remarks by Richard H. Clarida Vice Chair Board of Governors of the Federal Reserve System at the 2019 U.S. Monetary Policy Forum, sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business New York, New York  February 22, 2019  I am pleased to participate in this year’s U.S. Monetary Policy Forum, which, since its inception, has brought together policymakers, academics, and market participants to share ideas and perspectives on U.S. monetary policy.
Today I would like to discuss the broad review of the Federal Reserve’s monetary policy framework that we are undertaking this year. We will examine the policy strategy, tools, and communication practices that we use to pursue our dual-mandate goals of maximum employment and price stability.