Tools for exit We have the framework to exit from these policies when we need to do so. And the tools at our disposal will allow us to do so at the pace and in the sequence we judge will best meet our objectives.
The FRB-US Model: Rational Expectations in a Sticky-Price Model The newly redesigned model at the Board, the FRB-US model, replaces the MPS model. The MPS model, developed in the mid to late-1960s, revolutionized macroeconometric modeling and set the standard for a considerable period of time.