2min chapter

Forward Guidance cover image

Everything You Need To Know About The Fed’s Meeting | Danielle DiMartino Booth

Forward Guidance

CHAPTER

Is the Fed Secretly Accepting 2.5% or 3% Inflation?

Daniel Treisman: The odds that the Federal Reserve may secretly accept 2.5% or 3% inflation is a possibility. He says average inflation targeting has been such an unmitigated disaster. Treisman: If you and I were to build our own algorithm, it would be much more hawkish than what happened this year.

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