If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to [email protected]. How has monetary policy helped in nurturing a sluggish recovery? What expectations should the public have for the role of monetary policy in the future? How do Federal Reserve decision-makers confront or cope with uncertainty when designing and implementing monetary policy? Charles Plosser, former president of the Federal Reserve Bank of Philadelphia and University of Chicago alumnus, explores these questions and offers insights in a candid discussion with Lars Peter Hansen, Becker Friedman Institute director at the University of Chicago and 2013 Nobel laureate.