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Fundamentals of Monetary Policy with Jon Faust

Fundamentals of Monetary Policy with Jon Faust

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The seminar was produced by the Milken Institute and the National Press Foundation.

Jon Faust has a B.S., in Economics from the University of Iowa, a M.Phil., in Economics from Oxford University and a Ph.D., Economics from University of California- Berkeley. His current research topics include: Forecasting, DSGE Modeling, and Financial Stability. He currently serves as Special Advisor to the Board of the Federal Reserve.
The seminar was produced by the Milken Institute and the National Press Foundation.

Jon Faust has a B.S., in Economics from the University of Iowa, a M.Phil., in Economics from Oxford University and a Ph.D., Economics from University of California- Berkeley. His current research topics include: Forecasting, DSGE Modeling, and Financial Stability. He currently serves as Special Advisor to the Board of the Federal Reserve.

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Published by: National Press Foundation on Jan 23, 2014
Copyright:Attribution Non-commercial

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03/12/2014

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Fundamentals of Monetary Policy
Jon FaustFederal Reserve BoardJan. 14, 2014
Note: These slides were prepared for presentation at a
 Mechanics of Finance Briefing 
 arranged by the Milken Institute and National PressFoundation. These slides are intended only as a primer on the basictopics covered; they reflects the author’s views and not necessarilythose of the Federal Reserve Board or anyone else associated with theFederal Reserve System.
 – .1/54
 
Never explain, never excuseMontague Norman, Governor, Bank ofEngland, 1921–1944
 – .2/54
 
FOMC, 2012
 The Committee seeks to explain its monetarypolicy decisions to the public as clearly aspossible. Such clarity facilitates well-informeddecisionmaking by households and businesses,reduces economic and financial uncertainty,increases the effectiveness of monetary policy,and enhances transparency and accountability,which are essential in a democratic society.(from the statement of longer-run goals andstrategy)
 – .3/54

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