Federal Reserve announces the leadership and objectives of its task forces to advance the conduct of monetary policy
Federal Reserve announces the leadership and objectives of its task forces to advance the conduct of monetary policy
Source: Federal Reserve
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DW NOTE
The Fed just announced it is forming task forces to reconsider "means and methods, analytical tools and policy approaches" for monetary policy. This is the institutional equivalent of a doctor reviewing his treatment plan while the patient is still bleeding. They ran negative real rates through an inflation spike, held the funds rate at 3.63% while CPI ran above 4%, and watched gold hit $5,318 before falling 22%. The time to review your framework was before you broke it.