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← The Federal Reserve's average inflation targeting framework is a real…
17 connected korrents · 18 moments from 6 Dec 2012 to 19 Oct 2026. Nearly all of them are about inflation and interest rates .
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America
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quantitative easing
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public debt
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energy Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: The Federal Reserve's average inflation targeting framework is a real commitment to hold inflation near a 2% average across the 2020s, so an overshoot now has to be offset by undershoots later. The Federal Reserve's average inflation targeting framework is a real commitment to hold inflation near a 2% average across the 2020s, so an overshoot now has to be offset by undershoots later. Last stated 4 years ago
14 Jan 2023
SS
Scott Sumner — holds since 2021-06-19 — tap for who they are
SS
Scott Sumner — no longer holds since 2023-01-14 — tap for who they are
Same subject: Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. — tap to centre the map on it Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Central banks should hold inflation-protected bonds as primary assets — tap to centre the map on it Central banks should hold inflation-protected bonds as primary assets Last stated 3 weeks ago
1 Oct 2026
JC
John H. Cochrane — holds since 2026-10-01 — tap for who they are
Same subject: Higher interest rates cannot durably lower inflation without a fiscal tightening to pay interest costs on the debt. — tap to centre the map on it Higher interest rates cannot durably lower inflation without a fiscal tightening to pay interest costs on the debt. Last stated 4 days ago
19 Oct 2026
JC
John H. Cochrane — holds since 2026-10-19 — tap for who they are
Same subject: Holding real assets should help central banks control inflation. — tap to centre the map on it Holding real assets should help central banks control inflation. Last stated 3 weeks ago
1 Oct 2026
JC
John H. Cochrane — holds since 2026-10-01 — tap for who they are
Same subject: Inflation could stay elevated for a while even as the Fed keeps raising rates, because of war-driven costs and AI capital spending. — tap to centre the map on it Inflation could stay elevated for a while even as the Fed keeps raising rates, because of war-driven costs and AI capital spending. Last stated 4 weeks ago
27 Sept 2026
BC
Ben Carlson — holds since 2026-09-27 — tap for who they are
Same subject: Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure. — tap to centre the map on it Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Raising interest rates cannot meaningfully cool inflation when structural fiscal deficits, not private-sector lending, are its main driver. — tap to centre the map on it Raising interest rates cannot meaningfully cool inflation when structural fiscal deficits, not private-sector lending, are its main driver. Last stated 2 years ago
8 Jan 2025
LA
Lyn Alden — holds since 2025-01-08 — tap for who they are
Same subject: Rising diesel prices are even more likely than rising gasoline prices to drive up interest rates. — tap to centre the map on it Rising diesel prices are even more likely than rising gasoline prices to drive up interest rates. Last stated a month ago
21 Sept 2026
PK
Paul Krugman — holds since 2026-09-21 — tap for who they are
Same subject: A century of fire suppression policy in the American West has dangerously overloaded forests with fuel and made megafires more likely. — tap to centre the map on it A century of fire suppression policy in the American West has dangerously overloaded forests with fuel and made megafires more likely. Last stated 2 months ago
22 Aug 2026
JP
Jennifer Pahlka — holds since 2026-08-22 — tap for who they are
Same subject: A Chinese crewed landing on the Moon before America returns would be a defeat for the free world. — tap to centre the map on it A Chinese crewed landing on the Moon before America returns would be a defeat for the free world. Last stated 2 months ago
18 Aug 2026
CH
Casey Handmer — holds since 2025-10-31 — tap for who they are
EB
Eric Berger — holds since 2026-08-18 — tap for who they are
Same subject: A city's first rail line comes in at a reasonable cost and every line after it does not, because the follow-up outgrows the in-house team that oversaw the pilot. — tap to centre the map on it A city's first rail line comes in at a reasonable cost and every line after it does not, because the follow-up outgrows the in-house team that oversaw the pilot. Last stated 2 years ago
7 Dec 2024
AL
Alon Levy — holds since 2024-12-07 — tap for who they are
Same subject: A diesel export ban would probably do little for U.S. affordability, would deter business investment, and would weaken America's hand against China on energy. — tap to centre the map on it A diesel export ban would probably do little for U.S. affordability, would deter business investment, and would weaken America's hand against China on energy. Last stated 4 weeks ago
24 Sept 2026
PK
Paul Krugman — holds since 2026-09-24 — tap for who they are
Same subject: A fox who sees many factors in play cannot judge in a blink; they reason 'on the one hand, and on the other' and must reconcile the conflicting arguments. — tap to centre the map on it A fox who sees many factors in play cannot judge in a blink; they reason 'on the one hand, and on the other' and must reconcile the conflicting arguments. Last stated 14 years ago
6 Dec 2012
PT
Philip Tetlock — holds since 2012-12-06 — tap for who they are
Same subject: A large, sustained AI capability lead by either the US or China could shift the global balance of power between them. — tap to centre the map on it A large, sustained AI capability lead by either the US or China could shift the global balance of power between them. Last stated 2 months ago
5 Sept 2026
NS
Noah Smith — holds since 2026-09-05 — tap for who they are
Same subject: America's large trade deficit in manufactured goods means fewer US manufacturing jobs than balanced trade would. — tap to centre the map on it America's large trade deficit in manufactured goods means fewer US manufacturing jobs than balanced trade would. Last stated 2 months ago
7 Sept 2026
PK
Paul Krugman — holds since 2026-09-07 — tap for who they are
Same subject: Erratic U.S. tariff implementation is teaching allies and enemies that the U.S. is no longer a reliable trading partner. — tap to centre the map on it Erratic U.S. tariff implementation is teaching allies and enemies that the U.S. is no longer a reliable trading partner. Last stated 8 months ago
9 Feb 2026
JC
JL Collins — holds since 2026-02-09 — tap for who they are
Same subject: Persistent US trade deficits are the mirror image of trade partners' capital account surpluses caused by beggar-thy-neighbor industrial policy — tap to centre the map on it Persistent US trade deficits are the mirror image of trade partners' capital account surpluses caused by beggar-thy-neighbor industrial policy Last stated 2 years ago
7 Apr 2025
SH
Samuel Hammond — holds since 2025-04-07 — tap for who they are
At the centre
The Federal Reserve's average inflation targeting framework is a real commitment to hold inflation near a 2% average across the 2020s, so an overshoot now has to be offset by undershoots later.
No longer holds Read this korrent →
Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total.
Holds
Central banks should hold inflation-protected bonds as primary assets
Holds
Higher interest rates cannot durably lower inflation without a fiscal tightening to pay interest costs on the debt.
Holds
Holding real assets should help central banks control inflation.
Holds
Inflation could stay elevated for a while even as the Fed keeps raising rates, because of war-driven costs and AI capital spending.
Holds
Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure.
Holds
Raising interest rates cannot meaningfully cool inflation when structural fiscal deficits, not private-sector lending, are its main driver.
Holds
Rising diesel prices are even more likely than rising gasoline prices to drive up interest rates.
Holds
A century of fire suppression policy in the American West has dangerously overloaded forests with fuel and made megafires more likely.
Holds
A Chinese crewed landing on the Moon before America returns would be a defeat for the free world.
Holds
A city's first rail line comes in at a reasonable cost and every line after it does not, because the follow-up outgrows the in-house team that oversaw the pilot.
Holds
A diesel export ban would probably do little for U.S. affordability, would deter business investment, and would weaken America's hand against China on energy.
Holds
A fox who sees many factors in play cannot judge in a blink; they reason 'on the one hand, and on the other' and must reconcile the conflicting arguments.
Holds
A large, sustained AI capability lead by either the US or China could shift the global balance of power between them.
Holds
America's large trade deficit in manufactured goods means fewer US manufacturing jobs than balanced trade would.
Holds
Erratic U.S. tariff implementation is teaching allies and enemies that the U.S. is no longer a reliable trading partner.
Holds
Persistent US trade deficits are the mirror image of trade partners' capital account surpluses caused by beggar-thy-neighbor industrial policy
Holds