, Columnist
Six Ways the Federal Reserve Can Do a Better Job
Rethinking its monetary policy framework will make the central bank stronger, not more vulnerable to an unpredictable president.
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The US Federal Reserve is undertaking a major rethink of how it manages the world’s largest economy. Done right, the so-called monetary policy framework review could render the central bank much better able to handle the kinds of economic shocks and policy uncertainties that the current US administration has proven adept at delivering.
Chair Jerome Powell shouldn’t let President Donald Trump get in the way of this crucial work.