Peter Ireland on the Fed’s Pandemic Performance and the Path Forward for Monetary Policy
Macro Musings with David Beckworth
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Nominal GDP Targeting
Nominal g d p level target for them would tell them to take it easy, be gradual. And that's what they're doing right now. So the next step would be to make it cal forward looking, so they avoid some of these mistakes. I think the time is ripe for a discussion of how to embrace it.
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