Scott Sumner on Alternative Approaches to Monetary Policy
Macro Musings with David Beckworth
00:00
Cansian, Monitorist, New Cansian - What Do You Think?
The Fed should always be neutral, should never be dovish or hawkish. But inevitably, with human beings, you know, biases creep in. And that's why i emphasize we need to avoid an attitude of dovishness or hawkishness. Have a level target where we commit to come back to that trend line. That's the kind of discipline that will avoid these wild swings going forward.
Play episode from 26:59
Transcript
