Goodhart's Law on Fed Targets
8:15–9:03 · 48s
Invoking economist Charles Goodhart, Bianco argues that when the Fed makes a metric its target, the market starts ignoring real data—an "aha" moment questioning the value of the dot plot and forecasts.
8:15–9:03 · 48s
Invoking economist Charles Goodhart, Bianco argues that when the Fed makes a metric its target, the market starts ignoring real data—an "aha" moment questioning the value of the dot plot and forecasts.
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