More specifically, I’ll provide a look back at Federal Reserve decision-making over the past few years. However, I’ll close with my views on how I think that the Federal Open Market Committee – the FOMC – can work to reduce the level of uncertainty surrounding future monetary policymaking.
As always, any views I express here today are my own, and not necessarily those of others in the Federal Reserve System, including my colleagues on the Federal Open Market Committee. Some FOMC basics Let me begin with some basics about the Federal Reserve System.