Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed's Monetary Framework
Macro Musings with David Beckworth
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How Do You Think the Fed Needs Salvation?
F fate is an acronym for the Fed's new framework, which was introduced August 2020. It stands for a flexible average inflation targeting framework. The original motivation was how to deal with the experience we had in the decade leading up to the pandemic.
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