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Bill Dudley on the Fed’s New Floor System for Establishing Its Target Nominal Interest Rate

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[unable to retrieve full-text content]This should be taken seriously; Bill Dudley was the President of the Federal Reserve Bank of New York (a position in the Federal Reserve System second in importance only to the Chair of the Federal Reserve Board) from 2009–2018). Note: To explain the new and old approaches to establishing an interest rate, I wrote this post for my students:Supply and Demand for the Monetary Base: How the Fed Currently Determines Interest RatesPermalink

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This should be taken seriously; Bill Dudley was the President of the Federal Reserve Bank of New York (a position in the Federal Reserve System second in importance only to the Chair of the Federal Reserve Board) from 2009–2018).

Note: To explain the new and old approaches to establishing an interest rate, I wrote this post for my students:

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Miles Kimball
Miles Kimball is Professor of Economics and Survey Research at the University of Michigan. Politically, Miles is an independent who grew up in an apolitical family. He holds many strong opinions—open to revision in response to cogent arguments—that do not line up neatly with either the Republican or Democratic Party.

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