Ryan Avent: Monetary policy: Try overshooting for two years: “Though it would be the right thing to do, I don’t expect the Fed to announce a new 3% inflation target or 5% wage growth target, or declare its intention to make up half of the shortfall in nominal output relative to the pre-crisis trend. Though … Continue reading Evening Must-Read: Ryan Avent: Monetary Policy: Try Overshooting for Two Years