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BY KEVIN MOE

Nearly 400 people attended the Carlson School’s 1st Tuesday Speaker Series event in September to hear Minneapolis Federal Reserve Bank President Narayana Kocherlakota’s thoughts on monetary policy.
        In his presentation, titled “Communication, Credibility, and Implementation: Some Thoughts on Past, Current, and Future Monetary Policy,” Kocherlakota said there are three key components monetary policy needs to successfully implement price stability and maximum employment mandates: “The FOMC (Federal Open Market Committee) needs to formulate an objective for inflation. It needs to communicate that objective effectively. And, most importantly, it needs to ensure the credibility of that communication by responding to macroeconomic conditions so as to ensure that inflation stays close to its announced objective.”
        The Carlson School’s 1st Tuesday Speaker Series features top executives discussing today’s hot business topics. Upcoming 1st Tuesday Speaker Series events can be found online at carlsonschool.umn.edu/firsttuesday.

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