William Dudley, president of the New York Fed, raised the prospect of the Fed becoming more explicit
Question:
a. What is the monetary policy strategy that Mr. Dudley is raising the prospect of in this news clip?
b. How does inflation targeting work and why might it “help anchor inflation expectations at the desired rate”?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
Question Posted: