*  *  *  The U.S. Monetary Policy Forum has become an important venue for promoting an exchange of views among policymakers, academics, and financial market participants. I’m pleased to participate in this panel on lessons learned about unconventional monetary policy. In my remarks today, I’ll highlight the role of central bank communications in bolstering the effectiveness of unconventional monetary policy.
1 It is not my intention to provide new information about the outlook for the U.S. economy or monetary policy. The Federal Open Market Committee (FOMC) has deployed unconventional monetary policy tools to promote economic recovery and price stability since late 2008.