Fed to consider overhaul of monetary policy

By Colin Wilhelm

Published November 15, 2018 7:32pm ET

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Fed to consider overhaul of monetary policy — Federal Reserve Chairman Jerome Powell attends a meeting of the Federal Reserve Board to discuss proposed rules to modify the enhanced prudential standard framework for large banking organizations, Wednesday, Oct. 31, 2018, at the Marriner S. Eccles Federal Reserve Board Building in Washington. | (AP Photo/Jacquelyn Martin)

The Federal Reserve will re-evaluate how it conducts monetary policy, the central bank announced Thursday.

“With labor market conditions close to maximum employment and inflation near our [two] percent objective, now is a good time to take stock of how we formulate, conduct, and communicate monetary policy,” Fed Chairman Jerome Powell said in a press release.

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Federal Reserve Jerome Powell Monetary Policy