How should public policy evolve in light of the recent series of financial crises worldwide? In this article, the author argues that market discipline must play an essential role in any future policy reforms.

Monetary policy has come a long way in the past quarter century. Price stability has always been part of the Federal Reserve's policy mandate. Should the Fed now adopt explicit numerical guidelines or targets for inflation?

Remarks by Michael H. Moskow President and Chief Executive Officer Federal Reserve Bank of Chicago

Remarks by Michael H. Moskow President and Chief Executive Officer Federal Reserve Bank of Chicago. The Westin Hotel - 909 North Michigan Avenue, Chicago, Illinois 60611 - May 17, 2007.

Remarks by Michael H. Moskow President and Chief Executive Officer Federal Reserve Bank of Chicago. University Club of Chicago - Learn at Lunch Lecture - 76 E. Monroe St., Chicago, IL. A speech delivered on February 16, 2007 in Chicago, Illinois.

Remarks by Michael H. Moskow President and Chief Executive Officer Federal Reserve Bank of Chicago. Jewish United Fund Luncheon - The Standard Club - 320 S. Plymouth Ct. Chicago, IL. March 7, 2007.

Remarks by Michael H. Moskow President and Chief Executive Officer Federal Reserve Bank of Chicago. Kenilworth Union Church Public Affairs Program - Kenilworth Union Church - Kenilworth, IL. April 11, 2007.

Remarks by Michael H. Moskow President and Chief Executive Officer Federal Reserve Bank of Chicago. Federal Reserve Bank of Chicago - 230 S. LaSalle Street, Chicago, Illinois - June 11, 2007.