Contact Us



Presentation: The Fed Forgets the FIG, Makes a Virtue of Necessity

Contact us for a copy of the deck with notes.

There is a wide divide between those who have serious concerns about a run up in inflation and those who are more comfortable about where inflation is headed – including Jay Powell.

The Fed’s more relaxed attitude is rooted in its new monetary framework, featuring an “outcome-based” approach rather than the earlier “forecast-based” approach. The evolution of the Fed’s reaction function was the focus of our 2019 Minsky presentation, titled “Probing Powell's Patience.”

During this presentation for the 29th Annual Hyman P. Minsky Conference, ECRI’s Lakshman Achuthan zeroes in on what the Fed has forgotten, specifically, the Future Inflation Gauge, because it can help us navigate the divide regarding inflation.

Watch the full session here.

Review ECRI's current real-time track record.

For information on our professional services please contact us.

Follow @businesscycle on Twitter and on LinkedIn.


Related News & Events

Bad for Business? Wild Media Sector Swings Point to Overheated Equities Market

Variety May 14, 2021

You’ve got a fundamental recovery goosed by stimulus, either monetary or fiscal, and part of the way that it gets goosed is these different funds will leverage their bets. More


Inflation Watch: Why The Fed Is Paying Close Attention To This Chart

CNBC May 7, 2021

The Federal Reserve is closely watching inflation expectations, and investors ought to, too. More