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Fed Chair Powell and the New Rules of Monetary Policy

Mercatus Policy Download

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Powell's Adamant About the Fed's Rule of Context

In his first testimony, Powell said he likes rules. He submitted an annual report that had a list of rules in it. The Board of Governors now has on the website a rule section and they list some rules. How far this will go is unclear; Yellen loved to think about policy in terms of rules.

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