The Four Pillars of Macro with Andy Constan
Excess Returns
00:00
Is the Federal Reserve Credible?
I don't the idea of credible or not credible is not useful to me. The way I look at the Federal Reserve is they are people that act on the best information they have and make the best decisions they can within their mandate. And like anybody else are often wrong. But we both can probably agree if their credibility moved positively or got better or worse. That's the important thing. Did their credibility get better or worse?
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