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Jason Furman (PIIE)
The Federal Reserve should recalibrate US monetary policy towards a less expansionary approach in light of improving economic conditions. In a comprehensive analysis of recent trends in inflation, unemployment, and interest rates, Jason Furman argues the Fed has the right framework but needs to update its implementation, including rethinking its bond-buying program and setting the default of raising interest rates in the first half of 2022.
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Photo Credit:
PIIE/Jeremey Tripp
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