2min chapter

Forward Guidance cover image

Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

CHAPTER

Eric Rosengren's Dissension at the Fed

Eric Rosengren was a real loss, not to the Boston Fed necessarily, but to the financial system. And he did that dissent against the flexible average inflation targeting. That was something that was never allowed when I was at the Fed. It's something that he should have had better judgment than do have undertaken.

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