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.
In this summary, you will learn
- What Federal Reserve chair Janet L. Yellen sees as the current state of the US economy,
- What she forecasts for the economy and
- What a rules-based approach to monetary policy entails.
About the Author
Janet L. Yellen is the chair of the Board of Governors of the Federal Reserve System.