Published On: Fri, Feb 26th, 2016

Powell: Discussion of the paper “Language after Liftoff: Fed Communication Away from the Zero Lower Bound”


This paper reviews Federal Open Market Committee (FOMC) communications from the time the Committee began issuing regular postmeeting statements in 1999 to the present.1 The authors provide an extended and insightful discussion of the theory and practice of providing forward guidance about monetary…
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