Fed Insiders Seek Radical Policy Review as Powell Era Dawns
- Committee members want to discuss inflation target alternative
- Push comes as new Chair prepares to take the reins in February
Fed Insiders Push for Radical Policy Revamp
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Federal Reserve officials are pushing for a potentially radical revamp of the playbook for guiding U.S. monetary policy, hoping to seize a moment of economic calm and leadership change to prepare for the next storm.
While the country is enjoying its third-longest expansion on record, inflation and interest rates are still low, meaning the central bank has little room to ease policy in a downturn before hitting zero again.