Top Fed Official Says New Framework Provides More Humble Approach to Setting Rates

Wall Street Journal, Aug. 31, 2020–Nick Timiraos (subscription)
Changes reflect reality that economic models ‘can be and have been wrong,’ says Vice Chairman Richard Clarida.
https://www.wsj.com/articles/top-fed-official-says-new-framework-provides-more-humble-approach-to-setting-rates-11598879012?mod=hp_major_pos1#cxrecs_s