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Monetary policy: an interpretation of 1994, a challenge for 1995

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  • David E. Altig

Abstract

A perspective on the Federal Reserve's policy moves in 1994 to maintain the desired rate of monetary growth in the face of other rising market interest rates and a suggestion that the Fed adopt formal multiyear commitments to specific inflation objectives to enhance its credibility and allow it to focus on long-term objectives.

Suggested Citation

  • David E. Altig, 1995. "Monetary policy: an interpretation of 1994, a challenge for 1995," Economic Commentary, Federal Reserve Bank of Cleveland, issue Feb.
    • Handle: RePEc:fip:fedcec:y:1995:i:feb15
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    Keywords

    Interest rates; Monetary policy;

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