Surveillance: China Growth with Emanuel
Bloomberg Surveillance
00:00
Do You Let It Run Hot?
When we had the target of 2%, which we still have, this implies fairly low nominal rates on average. That really limits the ability of the Fed to help the economy if it slows down. And so I have argued that it might be better to actually run the economy on average at 3%. It would imply higher rates, which would give more room for my trade policy.
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Transcript
