Central Bankers Rethinking Policy Frameworks

RRG Global Macro - Inflation Continues to Rise - Trade War Won't Help - Opportunities in EM

Economist (US Macro), RDQ Economics

Conrad DeQuadros

Economist (US Macro)

RDQ Economics

RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.  
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Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
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The founders of RDQ Economics—John Ryding and Conrad DeQuadros—worked together on Wall Street for a decade, in the independent research space for nine years, and have experience in central banking at the Federal Reserve and the Bank of England.  John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.

Credit

<p>The Fed began explicitly targeting 2% inflation, as measured by the year-over-year change in overall PCE prices, in 2012.  However, 2% has long been the inflation rate Fed officials associated with their Congressionally-mandated objective of price stability and, therefore, 2% had already been an implicit target.  For example, at the July 1996 FOMC meeting, policymakers had an extensive discussion about price stability and inflation goals.  Then-Governor Janet Yellen asked Chairman Alan Greenspan…</p>

The Fed began explicitly targeting 2% inflation, as measured by the year-over-year change in overall PCE prices, in 2012.  However, 2% has long been the inflation rate Fed officials associated with their Congressionally-mandated objective of price stability and, therefore, 2% had already been an implicit target.  For example, at the July 1996 FOMC meeting, policymakers had an extensive discussion about price stability and inflation goals.  Then-Governor Janet Yellen asked Chairman Alan Greenspan…

US Breakeven 10 Year

Raising the Fed's 2% Inflation Target