7 See Janet L. Yellen (2017), “From Adding Accommodation to Scaling It Back,” speech delivered at the  Executives’ Club of Chicago, Chicago, Ill., March 3. 8 Information on the FOMC’s Policy Normalization Principles and Plans is available on the Board’s website  at www.federalreserve.gov/monetarypolicy/policy-normalization.htm.
9 The FOMC announced in December 2015 that it anticipated maintaining its reinvestment policy until  normalization of the level of the federal funds rate was “well under way.” That announcement is available on the Board’s website at www.federalreserve.gov/monetarypolicy/files/monetary20151216a1.pdf.