Player FM 앱으로 오프라인으로 전환하세요!
The Wide and Foggy Road
Manage episode 422857935 series 70567
Every three months, the 19 members of the Federal Reserve’s Federal Open Market Committee, of FOMC for short, aided, no doubt, by an army of econometric minions, work up new forecasts for key economic variables and their assessment of appropriate monetary policy. In recent days, as they have huddled in their offices engaged on this task, they’ve had much to be thankful for. The economic roller coaster triggered by the pandemic and the policy response, which manifested itself in wild swings in output, unemployment and inflation, has subsided. Moreover, the very narrow road by which they thought inflation could be subdued without triggering a recession, turned out to be not so narrow after all. The U.S. economy has maintained solid economic growth and a very tight labor market even as inflation has fallen towards their 2% objective.
346 에피소드
Manage episode 422857935 series 70567
Every three months, the 19 members of the Federal Reserve’s Federal Open Market Committee, of FOMC for short, aided, no doubt, by an army of econometric minions, work up new forecasts for key economic variables and their assessment of appropriate monetary policy. In recent days, as they have huddled in their offices engaged on this task, they’ve had much to be thankful for. The economic roller coaster triggered by the pandemic and the policy response, which manifested itself in wild swings in output, unemployment and inflation, has subsided. Moreover, the very narrow road by which they thought inflation could be subdued without triggering a recession, turned out to be not so narrow after all. The U.S. economy has maintained solid economic growth and a very tight labor market even as inflation has fallen towards their 2% objective.
346 에피소드
모든 에피소드
×플레이어 FM에 오신것을 환영합니다!
플레이어 FM은 웹에서 고품질 팟캐스트를 검색하여 지금 바로 즐길 수 있도록 합니다. 최고의 팟캐스트 앱이며 Android, iPhone 및 웹에서도 작동합니다. 장치 간 구독 동기화를 위해 가입하세요.