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Fed Vice Chair Clarida Issues Speech at 2020 U.S. Monetary Policy Forum
February 22, 2020
NEW YORK, Feb. 22 -- The Federal Reserve issued the following speech on Feb. 21 by Vice Chair Richard H. Clarida at the 2020 U.S. Monetary Policy Forum sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business:

Thank you to the conference organizers for inviting me here to discuss what former Chair Bernanke has famously referred to as a "hall of mirrors" problem: a situation in which a central bank's reaction function and financial . . .

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