Categories
Media

Better Communication About Symmetry

Dear Jay: High-Powered Advice for the Incoming Fed Chairman

Bloomberg News on Feb 05, 2018

Laurence Meyer
Former Fed governor who now heads his own consulting company

“I would have better communication about the meaning of the symmetric inflation objective…It has this hint that you want to be above 2 percent late in the cycle. Hammer that message out…. Explain how it’s not only consistent with an inflation objective, in some sense it’s a stronger price level stability story because inflation has a better chance of averaging 2 percent through the cycle.”