Note that asset sales would not be a separate policy decision but driven by the same monetary policy decision process used to change the policy rate. This plan is consistent with the Fed’s dual mandate of price stability and maximum employment growth.
Glenn Stevens: Better than a coin toss? The thankless task of economic forecasting1 Address by Mr Glenn Stevens, Deputy Governor of the Reserve Bank of Australia, to the Economic Society of Victoria and the Australian Industry Group “Economic Focus - Australia’s Prospects”, Melbourne, 17 August 2004. The references for the speech can be found on the Reserve Bank of Australia’s website.