I will be watching the data carefully for signs of a material change to the outlook that could prompt me to reassess the appropriate path of policy. Review The Federal Reserve is conducting a review of our monetary policy strategy, tools, and communications to make sure we are well positioned to advance our statutory goals of maximum employment and price stability.
3 Three key features of today’s new normal call for a reassessment of our monetary policy strategy: the neutral rate is very  3  Information about the review of monetary policy strategy, tools, and communications is available on the Board’s website at https://www.federalreserve.gov/monetarypolicy/review-of-monetary-policy-strategytools-and-communications.htm.