Discussion addresses challenges and implications for monetary policy in the Federal Reserve, highlighting recent changes and asset purchases.
Three former Federal Reserve Bank presidents discuss current issues facing the Fed, including the role of asset purchases in monetary policy, political pressures, the value of the Summary of Economic Projections and the “dot plot,” the role of r* , the value of dissents on the FOMC, and the recent changes in the monetary policy framework.
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Patrick T. Harker (2025) studied this question.
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