Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell’s Jackson Hole Speech
Macro Musings with David Beckworth
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The 2% Inflation Target and Framework Review
This chapter discusses the Federal Reserve's commitment to a 2% inflation target, highlighting Jerome Powell's clear stance on maintaining the target and the upcoming Fed review. It also explores different viewpoints on the need for a target change and the potential reconsideration of the target in the future framework review.
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