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July 7 | Daily Discussion
(lemmy.world)
In 50 years the fact that monetary policy is reviewed just a few times a year by a committee of few people who meet every now and then to scratch their heads and guess will seem so archaic. Advanced computational models will be analyzing an incomprehensible amount of data every nanosecond and making continuous fractional policy updates to keep everything smooth and calm.
Yeah right. In 50 years we'll wish the fed, operating in exactly the same way as now except worse, had as much integrity and forsight as Powell and the gang did back in the early 20s..
It's Friday motherfuckers