First, the title presupposes that U.S. monetary policy is currently on the wrong track. Second, the webpage for this conference advances a puzzling definition of the phrase "on track." How so?
1 This mainly reflects the rise in the euro area employment rate from 61.5% in 2000 to 63.6% in 2005 2 , being accompanied by a significant decline in the aggregate unemployment rate from 10.5% to 8.6% 3 .