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Alan Blinder: The Fed Should Speak English for a Change
Its long-awaited policy review, expected this year, should also reconsider the 2% inflation target. Predicting the Federal Reserve’s interest-rate decisions is a loser’s game. But I’ll make one 2020 forecast with confidence: The Fed will release its long-awaited “review” of monetary policy strategy, tools and communications—probably by June.
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Posted: January 6, 2020 Monday 06:59 PM