On February 22, 2019, Richard Clarida, Vice Chair of the Board of Governors, at the U.S. Monetary Policy Forum , stated that a review of the current Federal Reserve’s monetary policy framework and an assessment of whether, and in what possible ways, the Federal Reserve can refine its strategy, tools, and communication practices to achieve and maintain these goals consistently and robustly is currently being undertaken.

FOMC expects to share its conclusions with the public in the first half 2020.  Since we do not expect an economic recession in the U.S. until 2021 and beyond, we are hopeful that any new policy tools or retooling of the existing policy goodies will be ready for prime time.

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