3  See the Summer 2013 Central Banker. 4  BIS central bankers’ speeches  Brief economic review However, don’t worry – I won’t have as much to say about the state of the economy as I did about community banking.
I’m a member of the Federal Open Market Committee – the FOMC – and, as a monetary policymaker, my discussion will be framed by the goals of monetary policy. Congress has charged the FOMC with making monetary policy so as to promote price stability and maximum employment. I’ll discuss the state of the macroeconomy in terms of these goals.