In light of recent research findings, Michael J. Dueker and Andreas M. Fischer review the 1996 policy posture of the Federal Open Market Committee (FOMC), the monetary policymaking body of the Federal Reserve System. They find several areas in which the FOMC's policy positions were consistent...

The United States all but abandoned its foreign-exchange-market intervention operations in late 1995, when they proved corrosive to the credibility of the Federal Reserve?s commitment to price stability. We view this decision as the culmination of the evolution of U.S. monetary policy over the...

Remarks before the New York Association for Business Economics, New York, N.Y., October 19, 2010 ; "So. what will we likely decide at the next FOMC meeting? As with the American League championship, you'll find out when it's over and only then."

Remarks before the Association for Financial Professionals, San Antonio, Texas, November 8, 2010 ; "In sum, I asked that the FOMC consider that we might be prescribing the wrong medicine for the ailment from which our economy is suffering. Liquidity and abundant money are not the binding...

Delivered at the High Profile Speaker Series, New York Society of Security Analysts, New York City. November 8, 2010.

a speech at the Redefining Investment Strategy Education Symposium, Dayton, Ohio, March 30, 2005

Remarks before the New York Association for Business Economics, New York, N.Y., October 19, 2010 ; "So. what will we likely decide at the next FOMC meeting? As with the American League championship, you'll find out when it's over and only then."

Remarks before the Association for Financial Professionals, San Antonio, Texas, November 8, 2010 ; "In sum, I asked that the FOMC consider that we might be prescribing the wrong medicine for the ailment from which our economy is suffering. Liquidity and abundant money are not the binding...

Greater transparency is a means to better synchronize the public with policymakers and minimize the risks of undesirable economic outcomes.

Delivered at the High Profile Speaker Series, New York Society of Security Analysts, New York City. November 8, 2010.