I look forward to hearing your views on these and other questions. 1 I am grateful to John Roberts of the Federal Reserve Board for his assistance in preparing this text. These  remarks represent my own views, which do not necessarily represent those of the Federal Reserve Board or the Federal Open Market Committee.
2 See Richard H. Clarida (2019), “The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and  Communication Practices,” speech delivered at the 2019 U.S. Monetary Policy Forum, sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business, New York, New York, February 22; and Jerome H. Powell (2019), “Monetary Policy: Normalization and the Road Ahead,” speech delivered at the 2019 SIEPR Economic Summit, Stanford Institute of Economic Policy Research, Stanford, California, March 8.