Randal Quarles on Inflation, Balance Sheet Reduction, Financial Stability, and the Future of the Fed
Macro Musings with David Beckworth
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What Is the Panic Button?
The fed outfits each of the governor's offices, though no one had told me this, with a panic button that's under your desk. The alarm went off and he as o my gosh, we cot an atlantic button in governor quarles's office. And i'm getting ready to explain to him who arthur burns was and why it's on the wall, and kind of bringing this young new member of the fed familyn under the tent. But before i can say that this is by arthur burns, all these people come running saying oh my gosh,. That's inflation get outo which is a sort of indication of the commitment of the institution to controlling inflation
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