For release on delivery 2:15 a.m. EDT (9:15 a.m. local time) July 1, 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 Bank of Finland Conference on Monetary Policy and Future of EMU [Economic and Monetary Union]” Helsinki, Finland  July 1, 2019  I am delighted to be in Helsinki at this important conference on monetary policy and the future of Europe’s monetary union.
The topic could not be more relevant as I need hardly remark and, although it is specifically financial stability that is the most explicit part of our remit at the Central Bank, we also have as one of our main explicit objectives, as set out by the Oireachtas in the Central Bank Reform Act that was passed just a few months ago, “the provision of analysis and comment to support national economic policy development.” It is in this spirit that I approach our discussion today.