Confessions of a Supply-Side Liberal

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Mike Konczal on the "Evans Rule"

In his post “The Federal Reserve Gets Down to Business,” Mike Konczal gives an excellent rundown of the origins of the “Evans Rule”:

Adopting what has come to be known as the Evans Rule, whereby rates remain low until either inflation hits 2.5 percent or unemployment reached their initial target of 6.5 percent, is a remarkable change.

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  1. supplysideliberal posted this