Today, I propose to undertake an evaluation of the financial sector reforms in terms of actual outcomes. II.1  Monetary policy  While assessing monetary policy, it would be reasonable to assert that it has been largely successful in meeting its key objectives in the post-reforms period since the early 1990s.
In addition, in our December FOMC statement, the Committee combined our forward guidance for the federal funds rate with enhanced, outcome-based guidance about our asset purchases.