Macro Musings with David Beckworth cover image

123 – Adam Posen on Trade, Inflation Targeting, and Central Bank Independence

Macro Musings with David Beckworth

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Implications of Meeting Structures at Central Banks

The chapter explores the differences in meeting structures of the Federal Reserve's FOMC and the Bank of England's Monetary Policy Committee, discussing how transparency and decision-making processes can impact outcomes. It also highlights concerns about the implications of releasing meeting transcripts on the open dialogue and willingness to challenge ideas within central banks.

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