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Kocherlakota: Clarifying the Objectives of Monetary Policy
Thank you for that introduction, Mike, and thank you for the invitation to join you here today. I would also point out that Mike is a former member of our board of directors, where he played an important role, among others, of describing economic conditions here in western Wisconsin. That kind of input is an important part of monetary policymaking. So thank you, Mike, for your service, and thanks also to anyone else in the audience who has served on our board of directors or on one of our advisory councils. I’m planning to spend most of my time today talking about the objectives of monetary policy. As you will ... (full story)
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