Since the Committee is adopting a new approach, it is  See Lael Brainard (2019), “Federal Reserve Review of Monetary Policy Strategy, Tools, and Communications: Some Preliminary Views,” speech delivered at the presentation of the 2019 William F. Butler Award, New York Association for Business Economics, New York, November 26, https://www.federalreserve.gov/newsevents/speech/brainard20191126a.htm.
14 See Ben S. Bernanke, Michael T. Kiley, and John M. Roberts (2019), “Monetary Policy Strategies for a Low-Rate Environment” Finance and Economics Discussion Series 2019-009 (Washington: Board of Governors of the Federal Reserve System, February), https://doi.org/10.17016/FEDS.2019.009.