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The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance

Audio Mises Wire

Tags Economic PolicyThe FedMonetary PolicyMoney and BanksU.S. Economy

08/06/2022Ryan McMaken

Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."

Original Article: "The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance"

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Ryan McMaken (@ryanmcmaken) is a senior editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power and Market, but read article guidelines first. Ryan has a bachelor's degree in economics and a master's degree in public policy and international relations from the University of Colorado. He was a housing economist for the State of Colorado. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

Original Article: 
The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance