Janet L Yellen: Unconventional monetary policy and central bank communications Speech by Ms Janet L Yellen, Vice Chair of the Board of Governors of the Federal Reserve System, at the University of Chicago Booth School of Business US Monetary Policy Forum, New York, 25 February 2011.
*  *  *  The U.S. Monetary Policy Forum has become an important venue for promoting an exchange of views among policymakers, academics, and financial market participants. I’m pleased to participate in this panel on lessons learned about unconventional monetary policy. In my remarks today, I’ll highlight the role of central bank communications in bolstering the effectiveness of unconventional monetary policy.