Bryan Cutsinger, Peter Ireland, and Will Luther on Lessons Learned from the Fed Framework Review

 Bryan Cutsinger is an assistant professor of economics at the College of Business at Florida Atlantic University. Peter Ireland is a professor of Economics at Boston College. Will Luther is an associate professor of economics at the College of Business at Florida Atlantic University and is the director of the American Institute for Economic Research's Sound Money Project. Bryan, Peter, and Will return to the show to discuss the big takeaways from the 2025 Fed framework review, the flip flopping of FIT to FAIT back to FIT, the biggest lessons from the 2020 Fed framework review, the case for NGDP targeting at the Fed, hope for future reviews, and much more.

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Check out the transcript for this week's episode, now with links.

Recorded on May 6th, 2026

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Timestamps

00:00:00 - Intro

00:00:51 - Origins of Bryan, Will, and Peter's Paper

00:03:40 - Big Takeaways

00:06:14 - The Fed's 2020 Framework Review

00:12:43 - Lessons Learned from 2020 Review

00:14:38 - Nominal GDP Targeting and Productivity Shocks

00:26:59 - Reviewing the Fed's 2025 Framework Review

00:57:20 - Hopes for the Future

01:03:06 - Outro