Macro Musings is back with another bonus episode, as Sam Bell and Skanda Amarnath (Employ America) are joined by Julia Coronado (Macro Policy Perspectives) and David Beckworth (Macro Musings) to talk through the announcement of the Fed's framework transition towards average inflation targeting. Specifically, this panel of guests discuss the implications of moving to an average inflation targeting regime, whether the shift may cause credibility problems for the central bank, how to continue to improve the Fed's toolkit, and more. Special thanks to the Employ America team for allowing us to use their webcast audio for this special Macro Musings bonus content. Transcript for the episode can be found here. Employ America's Twitter: @employamerica Employ America's website: https://employamerica.org/ Sam Bell's Twitter: @sam_a_bell Skanda Amarnath's Twitter: @IrvingSwisher Julia's Twitter: @jc_econ Julia's Macro Policy Perspectives profile: https://www.macropolicyperspectives.com/team Related Links: *A New Way to Manage Inflation* by David Beckworth https://www.mercatus.org/bridge/commentary/new-way-manage-inflation *By Doubling Down On Inflation Targeting, the Fed Is At Risk of Forgetting Lessons from 2008 & 2011* by Skanda Amarnath https://medium.com/@skanda_97974/by-doubling-down-on-inflation-targeting-the-fed-is-at-risk-of-forgetting-lessons-from-2008-2011-f877f78acba2 *Securing Macroeconomic and Monetary Stability with a Federal Reserve–Backed Digital Currency* by Julia Coronado and Simon Potter https://www.piie.com/system/files/documents/pb20-4.pdf David's Twitter: @DavidBeckworth David's blog: http://macromarketmusings.blogspot.com/

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“What did the council decide on item 42?” — answered with the speaker and the moment.