On the eve of the Fed’s framework review
Experts speak about the Fed’s monetary strategy review, including the role of flexible average IT and the need to better communicate policy trade-offs
Federal Reserve chair Jerome Powell is scheduled to speak about the Fed’s new monetary policy strategy on August 22 at Jackson Hole. On the eve of this public review, which takes place every five years, Central Banking spoke to several experts to understand what is at stake and what changes economists are expecting.
The Fed’s decision to adopt flexible average inflation targeting at its last review in 2020 has resulted in significant criticism in the past few years. The aim of flexible average
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