Fed’s new framework will help poorer communities – former Fed official
New approach recognises benefits of long expansion to low-income communities, Stephanie Aaronson says
The US Federal Reserve’s new reaction function for unemployment will help low- and moderate-income communities, says a former Fed official.
“This new strategy better recognises the new economic environment and the broad impact that monetary policy has on all members of our society,” writes Stephanie Aaronson in a Brookings Institution publication. “It acknowledges the benefits of long, strong expansions to low- and moderate-income communities.”
The recent changes under the new framework
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