The concept of a 'neutral rate' used by the Federal Reserve to justify policy is a made-up economic concept that the Fed is unsure about, and policymakers should use real-world inflationary/deflationary terminology instead of invented economic concepts.
normativepending
Speaker
Chris WhelanEvidence Quote
“don't come up with new ideas with little stars next to them and then tell me you're not sure what it is”
Source
The Fed’s Ticking Time Bomb Is About To Explode | Joseph Wang & Chris Whalen— Forward GuidanceCreated: 8/11/2026, 1:23:06 AM
My Notes
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