2  BIS Review 152/2010  5. Comprehensive analytical framework  Monetary policy decisions must be underpinned by a comprehensive analytical framework, which ensures that all relevant and available information support timely and efficient decision making in the conduct of monetary policy. The ECB’s two pillar strategy provides such a framework.
It meets eight times per year to set the course of monetary policy in the United States. The presidents of the 12 Reserve Banks and the governors of the Federal Reserve System all participate fully in the deliberations at those meetings.