Remarks by Chairman Alan Greenspan At a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming August 29, 2003Monetary Policy under Uncertainty Uncertainty is not just an important feature of the monetary policy landscape; it is the defining characteristic of that landscape. As a consequence, the conduct of monetary policy in the United States at its core involves crucial elements of risk management, a process that requires an understanding of the many sources of risk and uncertainty that policymakers face and the quantifying of those risks when possible. It also entails devising, in light of...