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Goodfriend’s Views

Fed Nominee Goodfriend Says U.S. Central Bank Must Stay Alert Bloomberg News on Jan 22, 2018 “What most defines his views, at least more accurately than the standard ‘dovish’ or ‘hawkish,’ would be an aggressiveness whenever inflation credibility is threatened in either direction,” former Fed Governor Laurence Meyer said in a note to clients following […]

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Weekly Update

More Attention to Upside Risks

Several policymakers continued to be wary of possible overheating risk. Kaplan argued that tax reform “makes it more likely that the headline unemployment rate is going to get into the 3s by the end of 2018…This legislation further adds to my conviction we should be moving gradually but deliberately in 2018” (Jan 17). He wanted […]