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Do We Need Humans With Subjectivity Making Daily Adjustments?
We should have continuous real time monitoring of economic data, and software or ai or some sort of informed set of models should then predict what inflation and economic growth rates will be as that data comes in. We should be adjusting the overnight rate in a one basis point increment. I want to put this out there. Bcause i sent it on our ta. And anyone that's listening in d c, please think about how we can change the way the federal reserve operates.