Uncertainty is lessening monetary policy effectiveness, Fed president says

Thomas Barkin, Richmond Fed President.

Current economic uncertainty is lessening the effectiveness of monetary and fiscal policy, Federal Reserve Bank of Richmond president Tom Barkin said.

Uncertainty can “dampen the impact” policy-makers can expect their policy measures to achieve, Barking said during the November 5 speech.

“In the presence of high uncertainty – nearly all of which is generated by forces extraneous to what the [Federal Open Market Committee (FOMC)] does – we risk not getting the same ‘bang for the buck’,” he

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account