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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Nominal GDP Targeting
The Fed could do it themselves without going to Congress. Part of the reason we want to call it fate in is to say, look, we're still doing inflation targeting. So make everyone happy in Congress and the body politic. They're not radically changing things. And this might be viewed as a baby step in that direction.
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