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Let us talk about the #FED #FOMC's 1st #MonetaryPolicy meeting of 2020. Specifically, let us talk about the puzzle that is a flatter #PhillipsCurve...
The #FederalOpenMarketCommittee (#FOMC) of the #FederalReserveBank (#FED) of the #US concluded its 1st meeting of 2020 on the 29th January 2020. As expected, the FED did not change rates but left the #KeyPolicyRate, the #FederalFundsRate (#FFR) in the 1.5%-1.75% range...
Indeed, if one considers the #FED #Dotplot of December 2019, the decision to keep rates unchanged would not come as a surprise. What I wanted to focus on today is some key passages in the statement, highlighted in yellow in the screenshot below...its all #PhillipsCurve...
Read 17 tweets
(1/11) When I say..."The people closest to the pain, should be the closest to the power, driving & informing the policymaking..." THIS is what I mean. (A) When I wanted to break cycles of #poverty by strengthening pathways to #graduation, preventing #dropout #MA7
(2/11) for expectant & #parenting #teens, (still the #1 reason girls drop out, even with unplanned pregnancies on the decline) I invited them to the table to share their stories, struggles & to inform the #BPS policy we developed to better support them.
(3/11) (B) When I wanted to better understand why we were seeing an increase in #bicyclist & motor vehicle collisions, I contacted @bostonbikeunion I invited them to share their stories & struggles, 4 hrgs later, we had a crash data report & the 1st sideguard ord. in the country
Read 11 tweets

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