3 ms·
Reminds me of an article recently about how the nominal inflation 'target' was actually treated and executed in a way that made it a ceiling because the Fed and
by rtkwe 5y ago
Reminds me of an article recently about how the nominal inflation 'target' was actually treated and executed in a way that made it a ceiling because the Fed and all the monetary policy wonk tweaks always missed low and if it did briefly exceed the target it was considered a reason to start tweaking things.