Vosh: A Federal Reserve precisa de estabelecer um novo quadro para lidar com o problema da inflação

Golden Finance reports that on April 21st, Federal Reserve nominee Waller stated that if appointed and leading the Fed, he would push for comprehensive reforms in policy making. Waller told the Senate committee: “In my view, the Federal Reserve needs to undertake fundamental policy reforms. The mistakes made in addressing inflation during the COVID-19 pandemic require such reforms, which I believe means a shift in how policies are implemented. I think this calls for a different, entirely new inflation framework.” Waller said we need new tools and new ways of communication, mentioning forward guidance, economic forecasts, and the dot plot. He said the Fed should wait until the meeting to issue statements because forecasts could hinder decision-making.