24. Federal Reserve · Minor · Needs Congress
Consider NGDP targeting or a Taylor Rule as the Fed's monetary rule
Not started
“Either rule likely outperforms a strict inflation target and greatly outperforms the Fed’s current pseudo-inflation target. … Capable elected officials must persuade the public that the advantages of NGDP targeting and the Taylor Rule, especially in terms of supporting labor markets, outweigh the disadvantages.”
What has happened
- Not started
No action found yet. This entry is the starting point, not a finding.
- Action
- create
- Object
- NGDP targeting / Taylor Rule monetary policy rule
- ID
- 2022