General Comments on Monetary Policy

Abstract

First of all, I want to thank the organisers of this conference for inviting me to participate in these very timely discussions. I can recall no period in recent history when economic issues have weighed as heavily on people’s minds as they do now, and it is encouraging to know that so many of you, representing different nations and diverse points of view, are devoting your time and talents to search for a better way to assure the future growth and stability of the economies of the free world.