Macro Musings with David Beckworth cover image

Skanda Amarnath on the Future of the Federal Reserve and its Framework

Macro Musings with David Beckworth

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Exploring Independence and Framework Adjustments in Monetary Policy

This chapter explores the constitutional foundations underpinning monetary authority and the Federal Reserve's ongoing evaluation of its policy-making framework. It emphasizes the need for central bank independence while considering recent policy reviews, including a possible transition in inflation targeting strategies amid economic challenges.

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