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21min chapter
James Bullard on FAIT, Nominal GDP Targeting, and the Fed’s Upcoming Framework Review
Macro Musings with David Beckworth
Federal Reserve Framework Review and Potential Changes
Discussion on the upcoming Federal Reserve framework review in 2025, speculations on changes to the FATE framework, challenges in reaching consensus on adjustments, and suggestions for improvements in the Summary of Economic Projections (SEP). The chapter also explores the concept of nominal GDP targeting, its implications for financial stability during economic shocks, and its advantages in stabilizing demand and serving as a zero lower bound policy tool.
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Discover
highlights
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