Doves Ascendent

Published on January 8, 2024 by Premium

Monetary policy going forward will be increasingly biased towards rate cuts as both inflation has declined and employment growth appears to be slowing. Policymakers set policy with an eye towards a trade-off between employment and inflation, with the balancing of risks dependent upon the policymaker's values. The record of the current Fed leadership and political donations of Fed staff indicate a left leaning preference, suggesting an emphasis on employment over inflation. While the Fed is […]

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