Senator Pat Toomey on Fed Governance, Monetary Policy, and the future of Digital Assets
Macro Musings with David Beckworth
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Reevaluating Inflation Targeting Frameworks
This chapter examines the FATE framework implemented by the Federal Reserve in 2020, aimed at combating low inflation post-Great Recession. It critiques the framework's reliance on historical data and lack of Congressional engagement, noting how these factors may have contributed to the unexpected inflationary pressures that emerged later.
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