The Federal Reserve is likely to devote significant effort to rethinking its monetary policy framework over the next 18 months or so, former Fed chair Ben Bernanke said on January 8.
Incoming Fed chair Jerome Powell is likely to assign staff to discuss whether the inflation target should be adjusted or dropped in favour of an alternative, Bernanke said. “I’m just guessing based on my past experience, but somewhere in 2019 I think there will be some pretty serious discussions,” he told a
- Central banks face loss of independence – Central Banking survey
- Summers and Stansbury warn of ‘black hole’ as central bankers debate solutions
- Germany issues first ever zero coupon 30-year bond
- Overcoming deflation: Japan’s experience and challenges ahead
- Mark Carney on joined-up policy-making, forward guidance and Brexit