Federal Reserve Discount Rate Press Releases in the 1960s and 1970s through the Lens of Monetary Policy Communications
Abstract
This article examines press releases from the Board of Governors of the Federal Reserve System (Board) in the 1960s and 1970s related to changes in the discount rate through the lens of monetary policy communications. As argued by Yellen (2013), we start from the premise that communications have a "distinct and special role in monetary policymaking."
Fields of Study & Subjects
Monetary Policy and Economic Impact
Political and Economic history of UK and US
Electoral Systems and Political Participation
Publication details
- Journal / source
- FEDS Notes
- Publisher
- Board of Governors of the Federal Reserve System
- Issue
- 2026-05-29-1
- Publication date
- 1 May 2026