Considering monetary policy more broadly, we are inviting thorough public scrutiny and are hoping to foster conversation regarding how the Fed can best exercise the precious monetary policy independence we have been granted. Our goal is to enhance the public’s trust in the Federal Reserve--our most valuable asset. - 14 References Bank of Japan (2016).
“New Framework for Strengthening Monetary Easing: ‘Quantitative and Qualitative Monetary Easing with Yield Curve Control’,” announcement, September 21, https://www.boj.or.jp/en/announcements/release_2016/k160921a.pdf. Bernanke, Ben S. (2017). “Monetary Policy in a New Era,” paper presented at “Rethinking Macroeconomic Policy,” a conference held at the Peterson Institute of International Economics, Washington, October 12-13. Bernanke, Ben S., Michael T. Kiley, and John M. Roberts (2019).