A Perspective on Monetary Policy
Sandra Pianalto is the president and chief executive officer of the Federal Reserve Bank of Cleveland. This Commentary contains the text of her remarks to the Forecaster’s Club of New York on April 22, 2004.
The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.