Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago 2009 International Banking Conference Chicago, IL

Remarks at the Institute of Regulation & Risk North Asia March 30, 2010, Hong Kong, China

A large output gap accompanied by stable inflation close to its target calls for further monetary accommodation, but the zero lower bound on interest rates has robbed the Federal Open Market Committee (FOMC) of the usual tool for its provision. We examine how public statements of FOMC intentions...

A large output gap accompanied by stable inflation close to its target calls for further monetary accommodation, but the zero lower bound on interest rates has robbed the Federal Open Market Committee (FOMC) of the usual tool for its provision. We examine how public statements of FOMC intentions...