Reported about 10 hours ago
A group of former central bankers recommends that the Federal Reserve abandon its current employment-focused policy established during the pandemic, advocating instead for a stronger emphasis on maintaining inflation at its 2% target. They argue that the existing framework is ill-suited for managing inflation risks during full employment and risked delaying necessary actions amid rising inflation pressures. This recommendation comes as the Fed conducts a review of its policy strategies following struggles with inflation.
Source: YAHOO