Macro Musings with David Beckworth cover image

Andy Levin on Holding the Fed Accountable

Macro Musings with David Beckworth

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Fed Forecasting Failures and Accountability

This chapter examines the Federal Reserve's missteps in forecasting inflation, emphasizing their inability to meet target predictions. It also critiques the Fed's lack of external oversight and accountability, discussing issues related to the FedNow Instant Payment System and the Inspector General's ineffectiveness in ensuring information security.

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