Podcasts Business Non-Profit Macro Musings with David Beckworth Roberto Perli on Average Inflation Targeting and Improving the Feds Framework

Roberto Perli on Average Inflation Targeting and Improving the Feds Framework

Published: Oct. 12, 2020, 4:30 a.m.

Roberto Perli is a partner and the head of global policy at Cornerstone Macro and is formerly a senior staffer at the Federal Reserve Board of Governors. Roberto joins Macro Musings to discuss the Fed\u2019s new average inflation targeting framework and what it means for monetary policy, markets, and the economy going forward. Specifically, David and Roberto also discuss the current vague nature of FOMC forward guidance, the challenges and credibility concerns of AIT, and how to further improve the Fed\u2019s framework in the future.

\xa0

Transcript for the episode can be found here.

\xa0

Roberto\u2019s Twitter: @R_Perli

Roberto\u2019s Cornerstone Macro profile: https://www.cornerstonemacro.com/people/

\xa0

Related Links:

\xa0

FOMC September meeting press release: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200916a.htm

\xa0

*Temporary Price-level Targeting: An Alternative Framework for Monetary Policy* by Ben Bernanke

https://www.brookings.edu/blog/ben-bernanke/2017/10/12/temporary-price-level-targeting-an-alternative-framework-for-monetary-policy/

\xa0

David\u2019s Twitter: @DavidBeckworth

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