Macro Musings with David Beckworth cover image

Marc Giannoni on the Fed’s Framework Review, it’s Independence, and the Future of R-Star

Macro Musings with David Beckworth

00:00

From FATE to FIT and Fed Independence Risks

Assessment of the 2025 framework changes—removal of averaging, tools at the ELB—and a discussion of political, legal, financial, and fiscal pressures threatening Fed independence.

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