1. Reflections on Monetary Policy and Its Future
- Author:
- Jeb Hensarling, Phil Gramm, and John B. Taylor
- Publication Date:
- 06-2021
- Content Type:
- Journal Article
- Journal:
- The Cato Journal
- Institution:
- The Cato Institute
- Abstract:
- The Fed’s huge balance sheet allows it to engage in credit policy (the composition of the balance sheet is by definition credit policy), which inherently auto‐resides in fiscal policy — but should auto‐reside with Congress. This discussion, moderated by John B. Taylor, took place at the Cato Institute’s 38th Annual Monetary Conference on November 19, 2020. The transcript has been edited for publication.
- Topic:
- Economics, Monetary Policy, Federal Reserve, and Credit
- Political Geography:
- North America and United States of America