Federal Reserve Kashkari said on Wednesday that it is helpful to clearly explain to the public and the market how the Federal Reserve will adjust its policy response under different economic scenarios, the so-called “response function,” and this practice should continue to be maintained. In an interview, Kashkari said that it is valuable for the Federal Reserve to continue explaining its policy response mechanism to the market. In the interview, he once again called for the Federal Reserve to start a series of small interest rate hikes to curb inflation currently above the Fed's 2% target. Kashkari said, “I think there is value in continuing the tradition of explaining our policy response function to the public, and then let the public make their own judgments based on this information.”
Zhitongcaijing · 1d ago
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Federal Reserve Kashkari said on Wednesday that it is helpful to clearly explain to the public and the market how the Federal Reserve will adjust its policy response under different economic scenarios, the so-called “response function,” and this practice should continue to be maintained. In an interview, Kashkari said that it is valuable for the Federal Reserve to continue explaining its policy response mechanism to the market. In the interview, he once again called for the Federal Reserve to start a series of small interest rate hikes to curb inflation currently above the Fed's 2% target. Kashkari said, “I think there is value in continuing the tradition of explaining our policy response function to the public, and then let the public make their own judgments based on this information.”
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