The 10 Minute Take - How the U.S. Fed’s landmark policy shift goes beyond inflation

Sep 02, 2020 | Brian Moore


The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe. Featuring Tom Porcelli, RBC Capital Markets’ Chief U.S. Economist.

The 10 Minute Take Podcast

Wyoming’s state motto, “Equal Rights,” might have hinted at the U.S. Fed’s new monetary policy strategy that was revealed at this year’s (virtual) Jackson Hole Economic Symposium. Chairman Jerome Powell announced changes emphasizing the importance of both inflation and labour within its mandate. But what are the risks of shifting from an inflation target of 2% to an average of 2% over time? And how will a renewed focus on employment affect interest rates and growth into 2021? Tom Porcelli, RBC Capital Markets’ Chief U.S. Economist, shares his take on how the Fed’s new approach could play out in markets and the economy.


Click here for the full podcast; The 10 Minute Take.