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Fed’s Task Force Should Fix What It Targets
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Fed’s Task Force Should Fix What It Targets
In early July, the Federal Reserve named the leaders of five task forces charged with reviewing how it conducts monetary policy. At the helm of the inflation task force are Harvard economist Greg Mankiw, Nobel laureate Thomas Sargent, and William White, former chief economist at the Bank for International Settlements. Chairman Kevin Warsh asked them to “examine the drivers of inflation, first principles, and weigh the full range of ideas for del…
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