Fed's Logan talks about the Fed's framework, says it should be robust

  • Logan says framework needs to hold up in a range of scenarios
Fed's Logan
Fed's Logan
  • Focus should be on 2% inflation, not try to make up for past inflation shortfalls
  • Fed should pay attention to overshooting on full employment, not just employment
  • Fed should consider how to better convey key risks, uncertainties and policy responses

This is theoretical stuff and doesn't apply to current outlook.

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