Jerome Powell Will ‘Strive To Be As Boring As Humanly Possible’ At Jackson Hole, Says Former Senior Federal Reserve Economist

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Renowned economist Claudia Sahm recently shared her insights on the upcoming Jackson Hole symposium, emphasizing the significance of the neutral rate of interest and its implications for the Federal Reserve’s monetary policy. What Happened: Sahm, in a series of tweets, delved into the intricacies of the neutral (natural) rate of interest, often referred to as R-star. She described it as the federal funds rate where the Fed remains passive, with optimal growth, 2% inflation, and maximum employment – a state she termed as the “Nirvana rate.” Dampening enthusiasm on Federal Reserve ChairJerome Po…

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