Athanasios Orphanides

Athanasios Orphanides, a seasoned professor at MIT and former Federal Reserve employee, dives into the nuances of real-time monetary policy rules. He shares insights on the challenges of implementing these rules, particularly in light of incomplete economic data. The discussion also touches on the Natural Growth Targeting Rule and critiques the Fed's current framework amidst inflationary pressures. Orphanides argues for greater transparency and simpler monetary benchmarks to enhance decision-making and accountability within the Federal Reserve.