The Future of Money – what caught my eye this week: Central bank digital currencies, and the revised monetary policy strategy of the Fed

The Federal Reserve revised its monetary policy strategy and adopts “average inflation targeting”. The target inflation rate is still two percent:

https://www.reuters.com/article/us-usa-fed-jacksonhole/in-landmark-shift-fed-rewrites-approach-to-inflation-labor-market-idUSKBN25N0HM

And here is the event and the video where Jay Powell made the announcement:

https://www.kansascityfed.org/publications/research/escp/symposiums/escp-2020

“Rise of the central bank digital currencies: drivers, approaches and technologies”. A useful overview of the Bank for International Settlements:

https://www.bis.org/publ/work880.htm

“Exchange rate regimes can give nations varying levels of autonomy over monetary policy” (by Maurice Obstfeld). Interesting throughout:

https://www.piie.com/research/piie-charts/exchange-rate-regimes-can-give-nations-varying-levels-autonomy-over-monetary

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