Fed's Musalem Says Delegated Power Over Interest Rates Also Obligates The Fed Too Explain How And Why That Power Is Used; If The Public Understands The Framework, Private Expectations LINE Up With The Fed's Intentions, Improves Trade-offs Between Inflation And Employment; A Predictable, Explained Framework, Is Part Of What Makes A Central Bank Democratically Legitimate
Fed's Musalem Says Delegated Power Over Interest Rates Also Obligates The Fed Too Explain How And Why That Power Is Used; If The Public Understands The Framework, Private Expectations LINE Up With The Fed's Intentions, Improves Trade-offs Between Inflation And Employment; A Predictable, Explained Framework, Is Part Of