I thank Paul Mizen and the Money Macro and Finance Society for the opportunity to speak at your 6th Annual Conference. In my brief remarks today, I will give an overview of the changes to our monetary policy strategy that the Federal Open Market Committee, the monetary policymaking body within the Federal Reserve, recently announced and discuss their implications for monetary policy going forward. As always, the views I will present are my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee. In early 2019, the FOMC began a review of our framework for ... (full story)