2 I note that central banks in other countries have conducted periodic reviews of their monetary policy frameworks, and their experience has informed the approach we are pursuing. 1  The views expressed are my own and not necessarily those of other Federal Reserve Board members or Federal Open Market Committee participants.
I would like to thank Etienne Gagnon and Ellen Meade for assistance in preparing these remarks. 2 Fuhrer and others (2018) explore the desirability of comprehensive reviews of the monetary policy framework. They argue that such reviews may help the Fed more effectively identify and implement needed changes to its framework.