by On his blog, John Cochrane discusses the possibility of an alternative monetary policy regime in which the Fed tightly controls expected inflation. He states, repeatedly, that given our current understanding of the matter he would refrain from implementing such a regime if he became Fed chair (rather than stating that he would not currently advise to move in that direction). Given that Janet Yellen is expected to retire next year and John Cochrane is mentioned as a possible successor, I find the statement remarkable.
Topics:
Dirk Niepelt considers the following as important: Contributions, Fed chair, Federal Reserve, John Cochrane, Notes
This could be interesting, too:
Marc Chandler writes FX Becalmed Ahead of the Weekend and Next Week’s Big Events
Marc Chandler writes Continued Backing Up of US Rates Extend the Greenback’s Gains
Marc Chandler writes Soft US Headline CPI is Unlikely to Be Sufficient to Reanimate Expectations of another Large Fed Cut
Marc Chandler writes US Rates Extend Gains to Fray 4 percent
On his blog, John Cochrane discusses the possibility of an alternative monetary policy regime in which the Fed tightly controls expected inflation. He states, repeatedly, that given our current understanding of the matter he would refrain from implementing such a regime if he became Fed chair (rather than stating that he would not currently advise to move in that direction). Given that Janet Yellen is expected to retire next year and John Cochrane is mentioned as a possible successor, I find the statement remarkable.