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Waller Q&A: Average inflation target framework “blew up” very quickly

More from the Fed Governor:

  • Avg inflation targeting framework was very backward looking and “blew up” very quickly
  • People are still trying to figure out what the current framework actually means; simpler may be better
  • Yield curve can be inverted for good reasons if markets think inflation and therefore rates will be lower in the future

This article was written by Adam Button at www.forexlive.com.

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