Is the Federal Reserve making the right moves with monetary policy and interest rates? Some critics have suggested using rules-based approaches that would give the Fed less discretion in conducting monetary policy. Fed chair Janet L. Yellen weighs in on such aspects in a speech delivered at Stanford University, providing insight into the central bank’s decision-making process. getAbstract recommends this informative, accessible text to investors, policy makers and executives who want more clarity about the Fed’s interest rate-setting mechanisms.
About the Author
Janet L. Yellen is the chair of the Board of Governors of the Federal Reserve System.