Rather, we need our policymakers to be continually on the lookout for structural changes in the economy and for disturbances to the economy that come from hitherto unexpected sources. Concluding Remarks Let me now sum up. The prescriptions of monetary policy rules play a prominent role in the FOMC’s monetary policy deliberations.
Among other things, this may require linked and interoperable infrastructure, common market-makers across the segments and eventually a frictionless channel for investors to move from one market to the other.