Federal Reserve officials acknowledge that their powers to hit inflation and job targets act more like a battle ax rather than a dagger in their accuracy, but still, they are not seeking to upgrade the monetary policy tool kit. are.
On Wednesday and Thursday, Federal Reserve Chairman Jerome Powell weighed in on the economic outlook and the central bank’s struggle to reduce high levels of inflation, which often stemmed from sources completely outside the central bank’s reach, without adding to unemployment. Send high…
Derby’s Take: Inflation battle raises questions about the Fed’s tool kit
Federal Reserve officials acknowledge that their powers to hit inflation and job targets act more like a battle ax rather than a dagger in their accuracy, but still, they are not seeking to upgrade the monetary policy tool kit. are.
On Wednesday and Thursday, Federal Reserve Chairman Jerome Powell weighed in on the economic outlook and the central bank’s struggle to reduce high levels of inflation, which often stemmed from sources completely outside the central bank’s reach, without adding to unemployment. Send high…