
How the Fed Thinks about Inflation, Cryptocurrencies, and NGDP Targeting
Cato Podcast
00:00
Is the Average Inflation Targeting a Good Idea?
Two years ago you moved to a new framework flexible average inflation targeting. By many accounts, this move has created some more uncertainty in the market. And coming at a time when inflation now has increased so markedly, it creates concern that despite your stated resolve, the commitment to price stability has become less strong. Should you consider modifications to this framework with ways these concerns and better managed short-term expectations?
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