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1 posts on "Professional Forecasters;policy expectations;FOMC communication"
January 7, 2013

Making a Statement: How Did Professional Forecasters React to the August 2011 FOMC Statement?

The Federal Open Market Committee (FOMC) statement released on August 9, 2011, was the first to incorporate language on “forward guidance” with an explicit date tied to the Committee’s expected path of monetary policy.

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Posted at 7:00 am in Expectations, Monetary Policy | Permalink

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

The editors are Michael Fleming, Andrew Haughwout, Thomas Klitgaard, and Asani Sarkar, all economists in the Bank’s Research Group.

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