Randal Quarles on Inflation, Balance Sheet Reduction, Financial Stability, and the Future of the Fed
Macro Musings with David Beckworth
00:00
Is the Fed Committed to a Two % Inflation Target?
Do you think the f om c now is committed to returning to two %? Or would they be willing to say, stop at three % if it meant avoiding a really steep recession. I was fine with but m not intellectually deeply committed to a two % target. We should be aiming for zero. Why are we aiming for two %? But i think to do that in this environment really would undermine your long term credibility.
Transcript
Play full episode
