Mary Daly on Fed Policy, the Economic Impacts of AI, and the Future of the Fed’s Framework
Macro Musings with David Beckworth
Balancing Inflation and Employment: The Dual Mandate of the Fed
This chapter explores the dual mandate of the Fed, emphasizing the importance of balancing inflation and employment. It discusses the current state of the labor market, concerns about inflation, and the concept of the natural interest rate. The potential impact of AI on productivity, the economy, and the job market is also examined, highlighting the importance of thoughtful societal decisions and the combination of AI and human judgment.
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