18 Additional information about the review, including background information on the initiative and a listing of events around the country, is available on the Board’s website at https://www.federalreserve.gov/monetarypolicy/review-of-monetary-policy-strategy-tools-andcommunications.htm. - 12 coming years.
Furthermore, the shifts in r* and u*, as well as the flattening of the Phillips curve that I discussed earlier, suggest that the U.S. and foreign economies have evolved in significant ways relative to the pre-crisis experience.