The Fed's New Acronym: FAIT.

6 minutes

Whenever the Federal Reserve invents a new Acronym you know something big is up.

And that's certainly the case today.

The new Acronym, and hence new Fed monetary policy was introduced a little over a month ago at the Fed's annual Policy Symposium.

The Acronym is FAIT, pronounced I believe FA – IT. And stands for Flexible Average Inflation Targeting.

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