Sunday , April 11 2021
Home / Economonitor / The size of Biden’s fiscal package

The size of Biden’s fiscal package

Summary:
[unable to retrieve full-text content]According to Treasury Secretary Janet Yellen, it would be better to run the risk of excess than insufficiency. In addition, the Federal Reserve's new monetary policy regime puts the 2% inflation target as an average, not as a ceiling forcing monetary policy to act to prevent it in advance. After a long period of inflation below 2%, even in years with low unemployment and interest rates on the floor, monetary authorities can afford to wait some time with above-average inflation until they are compelled to pull the brake.

Topics:
ocanuto considers the following as important:

This could be interesting, too:

ocanuto writes GLOBAL INEQUALITY

The Street writes Jobless Claims Still Hovering Near 1 Million as Biden Takes Office

The Street writes Biden Sets Sights on National Fight Against the Pandemic

The Street writes Inauguration Day: What Jim Cramer Is Watching

According to Treasury Secretary Janet Yellen, it would be better to run the risk of excess than insufficiency. In addition, the Federal Reserve's new monetary policy regime puts the 2% inflation target as an average, not as a ceiling forcing monetary policy to act to prevent it in advance. After a long period of inflation below 2%, even in years with low unemployment and interest rates on the floor, monetary authorities can afford to wait some time with above-average inflation until they are compelled to pull the brake.
About ocanuto

Leave a Reply

Your email address will not be published. Required fields are marked *