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Last Updated: 06/03/16

Reflections on the Current Monetary Policy Environment

A speech delivered on June 3, 2016, at the Global Interdependence Center in London, England.

References

Aaronson, Daniel, and Daniel G. Sullivan, 2002, “Growth in worker quality,” Chicago Fed Letter, Federal Reserve Bank of Chicago, No. 174, February.

Byrne, David M., John G. Fernald and Marshall B. Reinsdorf, 2016, “Does the United States have a productivity slowdown or a measurement problem?,” Federal Reserve Bank of San Francisco, working paper, No. 2016-03, March.

Federal Open Market Committee, 2016a, Summary of Economic Projections, Washington, DC, March 16.

Federal Open Market Committee, 2016b, “Statement on longer-run goals and monetary policy strategy,” Washington, DC, as amended effective January 26.

Federal Open Market Committee, 2012a, press release, Washington, DC, January 25.

Federal Open Market Committee, 2012b, Summary of Economic Projections, Washington, DC, January 25.

Fernald, John G., 2014, “Productivity and potential output before, during and after the Great Recession,” Federal Reserve Bank of San Francisco, working paper, No. 2014-15, June 

Gordon, Robert J., 2012, “Is U.S. economic growth over? Faltering innovation confronts the six headwinds,” National Bureau of Economic Research, No. 18315, August.

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