18min chapter

Macro Musings with David Beckworth cover image

Skanda Amarnath and Preston Mui on the Tribal Transitory Debate and the Future of the Fed’s Framework

Macro Musings with David Beckworth

CHAPTER

Exploring Rate Normalization and Policy Responses

This chapter discusses the concept of rate normalization and the case for cutting rates in the path to a soft landing. The speakers emphasize the importance of front-loading cuts and being forward-looking in policy decisions. They also discuss the factors contributing to the uncertainty surrounding the Federal Reserve's reaction function.

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