Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed’s Monetary Framework
Macro Musings with David Beckworth
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Why Do We Say Salvage It or Just Keep It as Is?
The argument against keep as is that it's created a lot of confusion and it's come under intense scrutiny. We think the idea of makeup policy in general is a pretty good idea. The public wants to have a good idea what prices are going to be going into the future so they can make plans today. And we argue that you can accomplish both goals at once.
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