In my remarks, I will describe the motivation for and scope of this review and will preview some of the events we are planning as part of it. 1 The U.S. Monetary Policy Forum is an excellent venue for this presentation. For more than a decade, it has focused attention and timely analysis on critical issues confronting the Federal Open Market Committee (FOMC).
Its programs have drawn on the latest economic research and considered a range of views. Similarly, the Federal Reserve’s review of its monetary policy framework will be transparent, will be open minded, and will seek perspectives from a broad range of interested individuals and groups, including academics, other specialists, and the public at large.