Fed Chair Powell and the New Rules of Monetary Policy
Mercatus Policy Download
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Is Nominal GDP Targeting Legislatively Mandatory?
David Rothkopf: Nominal GDP targeting would be consistent with Powell's personality, maybe even envisioning. He says the Fed could do it because their dual mandate is congressionally mandated. But he says they'd have to frame it in a way that focused on income growth rather than inflation. Rothkopff: The public readily understands inflation, at least they think they do.
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