December 8, 2025Open Access

Policy, politics, and the path ahead for the fed

Key Points

Monetary policy faces significant political pressures as central bank leaders discuss future strategies.
The debate centers on the value of asset purchases and implications of the Summary of Economic Projections.
Analysis includes the role of r*, FOMC dissents, and recent changes in monetary policy framework.
Highlighting political influences on the Federal Reserve's decision-making processes and their outcomes.

Abstract

Abstract Three former Federal Reserve Bank presidents discuss current issues facing the Fed, including the role of asset purchases in monetary policy, political pressures, the value of the Summary of Economic Projections and the “dot plot,” the role of r* , the value of dissents on the FOMC, and the recent changes in the monetary policy framework.

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Cite This Study

Patrick T. Harker (Thu,) studied this question.

synapsesocial.com/papers/693624984fa91c937236c03f https://doi.org/https://doi.org/10.1057/s11369-025-00440-3

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