Richmond Fed's Broaddus: Macroeconomic Principles

- Central Banking staff
- 19 Nov 2003

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In a speech on 'Macroeconomic Principles and Monetary Policy' given on 14 November J. Alfred Broaddus, Jr. of the Federal Reserve Bank of Richmond said that while carefully monitoring incoming data and the evolution of the near-term outlook for the economy is an essential component of successful policymaking, it absolutely must be accompanied by solid economic analysis based on high quality research if monetary policy is to be as effective as it can be. Broaddus said he believes this need is

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