Senator Pat Toomey on Fed Governance, Monetary Policy, and the future of Digital Assets
Macro Musings with David Beckworth
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Debating Monetary Policy Rules and Federal Reserve Governance
This chapter delves into the governance of the Federal Reserve and the potential need for structured rules like the Taylor rule to guide monetary policy. It critiques the Fed's flexibility and examines the implications of prolonged quantitative easing as a standard practice rather than a crisis response.
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