Home / Columns and Features / Federal policy shift: Is the Phillips Curve dead? (access required)

Federal policy shift: Is the Phillips Curve dead? (access required)

Recently, U.S. Federal Reserve (Fed) Chair Jay Powell addressed the Jackson Hole Monetary Policy Symposium and announced a major policy shift in the Fed’s approach to managing inflation. In a speech titled “Navigating the Decade Ahead,” Powell highlighted a new strategy that puts added weight on bolstering the labor market while introducing a degree of ...

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