Well, basically you can just stop there. [Laughter] It’s the tradeoff between the two. Obviously, if you were more concerned about inflation outcomes than real activity outcomes, you might tilt it a different way.
Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.
Well, basically you can just stop there. [Laughter] It’s the tradeoff between the two. Obviously, if you were more concerned about inflation outcomes than real activity outcomes, you might tilt it a different way.