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Macro Musings is back with another bonus episode, as Sam Bell and Skanda Amarnath (Employ America) are joined by Julia Coronado (Macro Policy Perspectives) and David Beckworth (Macro Musings) to talk through the announcement of the Fed\\u2019s framework transition towards average inflation targeting. Specifically, this panel of guests discuss the implications of moving to an average inflation targeting regime, whether the shift may cause credibility problems for the central bank, how to continue to improve the Fed\\u2019s toolkit, and more.

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Special thanks to the Employ America team for allowing us to use their webcast audio for this special Macro Musings bonus content.

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Transcript for the episode can be found here.

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Employ America\\u2019s Twitter: @employamerica

Employ America\\u2019s website: https://employamerica.org/

Sam Bell\\u2019s Twitter: @sam_a_bell

Skanda Amarnath\\u2019s Twitter: @IrvingSwisher

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Julia\\u2019s Twitter: @jc_econ

Julia\\u2019s Macro Policy Perspectives profile: https://www.macropolicyperspectives.com/team

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Related Links:

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*A New Way to Manage Inflation* by David Beckworth

https://www.mercatus.org/bridge/commentary/new-way-manage-inflation

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*By Doubling Down On Inflation Targeting, the Fed Is At Risk of Forgetting Lessons from 2008 & 2011* by Skanda Amarnath

https://medium.com/@skanda_97974/by-doubling-down-on-inflation-targeting-the-fed-is-at-risk-of-forgetting-lessons-from-2008-2011-f877f78acba2

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*Securing Macroeconomic and Monetary Stability with a Federal Reserve\\u2013Backed Digital Currency* by Julia Coronado and Simon Potter

https://www.piie.com/system/files/documents/pb20-4.pdf

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David\\u2019s Twitter: @DavidBeckworth

David\\u2019s blog: http://macromarketmusings.blogspot.com/