Don't count Goldman Sachs economist Jan Hatzius as a fan of the Fed after Bernanke's...

|By:, SA News Editor

Don't count Goldman Sachs economist Jan Hatzius as a fan of the Fed after Bernanke's post-meeting presser made it clear the FOMC has moved away from the idea of using a GDP target to set policy. "We believe that a NGDP target could deliver a substantially better outcome in terms of the Fed’s dual mandate than the existing approach."