Must-Reads: Narayana Kocherlakota: “I view the March 19 Federal Open Market Committee (FOMC): statement as an unusually significant one. In that statement, the FOMC adopted new forward guidance about the evolution of its target for the federal funds rate. I see that new guidance as being intended to describe the Committee’s decisions for some time … Continue reading Things to Read on the Evening of March 24, 2014