In prepared remarks today, Brainard clarified the meaning of maximum employment as a precondition for liftoff. Brainard’s appearance was bookended by a couple of appearances by Clarida. Chair Powell also spoke today, appearing for a second day for the semiannual monetary policy testimony, this time before the House Financial Services Committee. We covered yesterday’s appearance […]
Author: Larry Meyer
Larry and his long-time colleagues, Derek Tang, Kevin Burgett and Jacqueline Dolson, co-founded MPA/LHM. They were Larry’s team at Monetary Policy Insights which Larry earlier had founded inside Macroeconomic Advisers. The adventure began when Larry was a professor of the Economics Department at Washington University in St. Louis for 27 years, teaching macroeconomics and monetary theory […]