Thirty years of "radicalism" may come to an end, and the Federal Reserve may usher in an era of change.
Last week, the monetary policy conference held by the Hoover Institution at Stanford University was themed "Finishing the Job", which apparently focused on how the Federal Reserve can gradually lower interest rates and push inflation back to the target of 2%. However, the signals conveyed during the meeting were thought-provoking, suggesting that this "task" may never truly be completed, and the role of the Federal Reserve as the executor is facing a redefinition.
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