What is more certain--and far more important--is the commitment of the FOMC to move interest rates as needed to foster outcomes consistent with our dual mandate of maximum sustainable employment and price stability. Conclusion As I have outlined here, I believe that the recent enhancements to the Federal Reserve's communication strategy are a major advance in achieving greater transparency.
Moreover, the approach we have taken is consistent with what the science of monetary policy tells us will result in better outcomes for price stability and maximum employment. In addition, this communication strategy can help improve the performance of financial markets and increases the Federal Reserve's accountability to the public and the Congress.