1 The views expressed are my own and not necessarily those of other Federal Reserve Board members or  Federal Open Market Committee participants. I am grateful to Brian Doyle of the Federal Reserve Board staff for his assistance in preparing this text. 2 See Board of Governors of the Federal Reserve System (2019), “Federal Reserve Issues FOMC Statement,”  press release, March 20.
3 See Board of Governors of the Federal Reserve System (2019), “Balance Sheet Normalization Principles and  Plans,” press release, March 20. 4 Information about the review and the events associated with it are available on the Board’s website at  www.federalreserve.gov/monetarypolicy/review-of-monetary-policy-strategy-tools-and-communications.htm. 2/2  BIS central bankers' speeches