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Port Operations and Economic Conditions
Simulators. The National Infrastructure
Simulation and. Analysis Center a program
under the Department ...
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Economic Conditions and Monetary Policy
Source: www.clevelandfed.org
Topic: Economic Conditions
Sort Desciption: assess current economic conditions. understand how the economy got ... and international economic conditions. These projections are developed by the ...
Content Inside: July 2006 Federal Reserve Bank of Cleveland Economic Conditions and Monetary Policy by Sandra Pianalto ISSN 0428-1276 In order to set monetary policy appropriately policymakers need to assess current economic conditions understand how the economy got where it is and have a good idea of where it is heading. Because economic conditions are always in flux good communications are important to suc- cessful policymaking. Communica- tions can help the public appreciate policymakersobjectives understand their thinking about the prospects for meeting those objectives and consider how new information might affect policy choices. This Commentary was adapted from a speech given to the Broadcast Cable Financial Manage- ment Association on June 12 2006 in Orlando Florida. A s I am sure you are all very well aware the Federal Reserves policymak- ing body the Federal Open Market Committee or FOMC will meet again at the end of June to consider the course of U.S. monetary policy. Over the next couple of weeks everyone involved with the FOMC will study a vast amount of data and many economic forecasts. During those same two weeks we will also see a lot of speculation in the media and elsewhere about what the FOMC will do when it meets on June 28 and 29. Current economic conditions figure prominently into FOMC discus- sions and the making of monetary pol- icy and I would like to talk about how I am thinking about current economic conditions and monetary policy and explore how our economys perfor- mance is influencing the Federal Reserves monetary policy decisions. Please note that the opinions I express here today are mine alone. I do not pre- sume to speak for any of my colleagues in the Federal Reserve System. How Monetary Policy Decisions Are Made at the Federal Reserve Let me begin with a few words about how we operate at the Federal Reserve.When news reports talk about the Fed they are really talking about a combination of two entities: the seven- member Board of G ...
economic conditions monetary policy
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