Specifically, the FOMC now includes information about each participant’s assessments for the target federal funds rate path in its Summary of Economic Projections. The FOMC has also clarified its longer-run goals and monetary policy decisionmaking process and clearly articulated its inflation objective.
Mr. Rangarajan addresses a special convocation of the Indian Institute of Management Address by the Governor of the Reserve Bank of India, Dr. C. Rangarajan, at a special convocation held to confer upon him the honorary title of Fellow of the Indian Institute of Management at Ahmedabad on 3/10/97.