Skanda Amarnath on the Future of the Federal Reserve and its Framework
Macro Musings with David Beckworth
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Navigating Economic Communication
This chapter discusses the critical role of effective communication in economic forecasting, particularly by the Federal Reserve. It highlights the complexities of monetary policy concerning inflation, nominal income, and the effects of supply and demand shocks on economic recovery. The conversation emphasizes the necessity for clear objectives to avoid misunderstandings and the importance of developing robust frameworks to navigate future economic challenges.
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