The Fed's New Task Forces

Yesterday, the Federal Reserve announced a group of task forces to review the central bank's framework for conducting monetary policy. Along with Tom Sargent and Bill White, I am serving on one of them.

Note to journalists: It would be premature for me to comment on the work of the task forces at this stage. However, you are free to consult my previous written work on these topics. This piece from two years ago may be especially relevant.