Fed Thoughts
Fed Thoughts: William McChesney Martin’s Pertinent Advice for Our Times
Fed Thoughts White Paper
March 2025
Authors & Contributors
The Federal Reserve's (Fed’s) inflation strategy has been characterized by patience, hoping that supply chains continue to heal, expecting slow-moving prices to correct lingering relative price misalignments and maintaining a balanced labor market to prevent cost pressures from emerging.
While proposed policy changes from the new administration have yet to take full effect or, in some cases, have yet to be implemented, the Fed will appear judgmental if it presumes certain policy actions along with their projected results.
Discover how this puts the Fed in a bind and will likely force them to table any rate changes until later in the year.
