1. Fed's Hidden Playbook: Don Kohn's 1990 Nominal GDP Targeting Strategy Resurfaces Amid Oil Shock
A forgotten internal proposal from the 1990 Gulf War era has re-emerged as a potential framework for the Federal Reserve's current policy dilemma. Dario Perkins of TS Lombard, analyzing historical Fed transcripts, uncovered a strategy articulated by then-senior Fed staffer Don Kohn. The 'Kohn Solution' centers on using...