Jefferson: Monetary Policy Frameworks and the U.S. Economic Outlook

From federalreserve.gov

Thank you, Governor Olli Rehn, for the invitation to visit the lovely city of Helsinki and participate in the Bank of Finland's International Monetary Policy Conference.1 I highly value the opportunity to interact with, and learn from, my fellow central bankers, so thank you again for having me. When considering the Bank of Finland, the European Central Bank (ECB), and the Federal Reserve in the U.S., it is easy to point out some differences, including our mandates and our economies. But there are also important similarities across these central banks. As independent central banks, our objective is to set policy that ... (full story)