Symposium introduction: Reviewing the Federal Reserve's framework

2025/01/23 by Bryan Cutsinger, William J. Luther · 1 voice
Economics, Econometrics and Finance · #Economic Theory and Policy #Economic theories and models #Monetary Policy and Economic Impact

paper · doi:10.1002/soej.12761

openalex publication_date 2025/01/23 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/15

Abstract

Abstract The Federal Reserve introduced a new monetary policy framework in August 2020. Shortly after, inflation picked up, reaching a 40‐year high of 7.0% in June 2022. We explain why prices have risen so high over the last few years, why they remain elevated, and how the Fed's monetary policy framework might be revised in light of this experience.

Citations

• Uncertainty, Evolution, and Economic Theory
• Sellers’ inflation, profits and conflict: why can large firms hike prices in an emergency?
• The rise of inflation targeting
• The devolution of federal reserve monetary policy strategy, 2012–24
• The case for nominal GDP level targeting
• The fate of FAIT: Salvaging the Fed's framework
• How the Federal Reserve got so huge, and why and how it can shrink
• Mission creep at the Federal Reserve
• Should the Federal Reserve raise its inflation target?
• The failure of forward guidance: Lessons from the pandemic recovery
• Enhancing resilience with natural growth targeting
• The Macroeconomics of Low Inflation

Discussions

• The symposium introduction by Bryan P. Cutsinger and William J. Luther of Florida Atlantic University reviews the Federal Reserve's monetary policy framework introduced in August 2020. #Greedflation [bsky, 0 points, 0 comments]

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