1min snip

Macro Musings with David Beckworth cover image

Richard Clarida on FAIT, R-Star, and the Future of the Fed’s Framework

Macro Musings with David Beckworth

NOTE

Timing of New Framework Announcement

The new framework by the Fed was not a rushed decision due to the pandemic but was already in discussions before the outbreak. It was close to a vote in the spring of 2020, indicating it was an existing plan in January and early February. The archival records show that the framework was ready to be announced much earlier if not for the pandemic.

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