Time Lags And Model Uncertainty Raise Risk Of Recession, Inflation

The Federal Reserve’s September 2023 decision not to change interest rates highlights two problems in monetary policy: time lags and uncertainty of economic models and forecasts. They try to keep inflation low and employment high, but their job is inherently difficult. In Jerome Powell’s press…#federalreserves #jeromepowell #federalfunds #miltonfriedman #chairpowell #firstgulfwar #adp #zillow #federalreserve

Source: Reuters: Health - September 21, 2023 Category: Consumer Health News Source Type: news