Last July, we wrote about a generational change in the Fed that was taking place as they began to shift from the Volker-era fear of inflation to the current fear of deflation. The Fed has been working on how to address this shift for a while and Thursday at the Jackson Hole summit, Fed Chair Powell announced the results of the Fed’s policy review with two key statements:
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.