, Columnist
The Fed’s Next Big Policy Rethink Needs Rethinking
The upcoming monetary policy framework review addresses some, but far from all, of the right questions.
Preparing to reframe.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
Next year, the US Federal Reserve will undertake an exercise with global implications: the periodic monetary policy framework review, at which it rethinks its approach to managing the world’s largest economy.
Although the central bank is planning to focus on some of the right things, it appears that important bits will be left out.