Kathy Jones on the Current Economic Slowdown, Quantitative Tightening, and the Fed’s New Framework
Macro Musings with David Beckworth
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The Fed's Flexible Average Inflation Targeting Framework
When it first came out, i did not read it closely, and i kind of got it wrong. I was thinking more of an average inflation target, not a flexible average. So one of the things that i've learned over these past couple of years with this framework is that it only does make up policy from below. It took a while for it to sink im, and ill think you were alone. They took a while to sink in that they were really serious about that.
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