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Jon Steinsson: Questions gap between monetary policy rate decisions in October

Jon Steinsson: Questions gap between monetary policy rate decisions in October
Skepticism over monetary policy meeting gap

Jon Steinsson questioned the rationale behind having no monetary policy rate decision in October, highlighting a 13-week gap between policy meetings in the fall. Steinsson expressed puzzlement over whether such a lengthy interval is optional and challenged the notion that this approach sets monetary policy on the right track.

Steinsson has addressed other aspects of economic policy in his recent commentary. He has argued that the debt-to-GDP ratio should remain stable throughout the business cycle. This position is intended to prevent unsustainable rises in public debt.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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