Waller Q&A: Average inflation target framework "blew up" very quicklyMore from the Fed Governor:
- Avg inflation targeting framework was very backward looking and "blew up" very quickly
- People are still trying to figure out what the current framework actually means; simpler may be better
- Yield curve can be inverted for good reasons if markets think inflation and therefore rates will be lower in the future
This article was written by Adam Button at www.forexlive.com.
Source: Waller Q&A: Average inflation target framework "blew up" very quickly (https://www.forexlive.com/centralbank/waller-qa-average-inflation-target-framework-blew-up-very-quickly-20241202/)
forexlive.com