The Fed: review of its monetary policy strategy, tools and communication practices

Just under a year ago, the Federal Reserve (Fed) began a process to review its monetary policy strategy, tools and communication practices.

Key points

• Key points:
• The members of the Federal Open Market Committee (FOMC) plan to carry out an internal analysis in the second half of the year and publish their findings in the first half of 2020.
• While the FOMC is satisfied with the current framework, it believes that improvements can be made to enhance the efficiency of monetary policy given the changes that have occurred in recent years.

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