Journal Article
Economic conditions and monetary policy
Abstract: In order to set monetary policy appropriately, policymakers need to assess current economic conditions, understand how the economy got to 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 successful policymaking. Communications can help the public appreciate policymakers? objectives, understand their thinking about the prospects for meeting those objectives, and consider how new information might affect policy choices.
Keywords: Monetary policy;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2006
Issue: Jul
Order Number: 1