Simon Potter: US monetary policy normalization is proceeding smoothly

Remarks by Mr Simon M Potter, Executive Vice President of the Markets Group of the Federal Reserve Bank of New York, at the China Finance 40 Forum - Euro 50 Group - CIGI Roundtable, Bank of France, Paris, 26 October 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
30 October 2018

Thank you for the invitation to participate in today's discussion about post-financial-crisis monetary policies.

My remarks today will focus on the implementation of monetary policy normalization. The Federal Open Market Committee (FOMC) has carefully developed and articulated a clear and transparent normalization strategy and is implementing that strategy. This approach has instilled confidence-a key to maintaining market stability, which has supported the orderly functioning of the broader set of dollar money market rates that are important to policy transmission and financial conditions.