Truth or Consequences: The Fed’s Next Move
Update: 2025-09-15
Description
When engaged in the dark arts of foretelling the Fed’s words and actions, I have always adopted what might be called the “prudent economist rule”. What would a prudent economist, serving as a Fed banker, do - assuming that they were armed with a reasonable economic forecast and with due consideration for the Fed’s inflation and unemployment goals and the need to maintain financial stability?
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