Changes In The Fed’s Monetary Policy Strategy, Tools And Communication Policy: Likely Move To Flexible Average Inflation Targeting

By Nouriel Roubini

25 March 2019

In this paper we discuss:

  • what options the Federal Reserve will contemplate to update its inflation-targeting regime;
  • what changes the Fed could realisitically introduce to its inflation-targeting regime;
  • what changes in its policy toolkit the Fed could consider, including YCC and NPR; and
  • how the Fed could refine its communication strategy.

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