Dallas Fed President Rob Kaplan on the Economy and Monetary Policy Right Now
Odd Lots
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Infrastructure, Education, and Inflation Dynamics
This chapter explores the integral roles of infrastructure and education in bolstering the economy's supply capacity, advocating for long-term investments over short-term fiscal expansion. It critiques the Federal Reserve's rigid monetary policy and discusses the complexities of current inflation dynamics, particularly in relation to labor markets and the pressures faced by different business sizes. The dialogue emphasizes the need for flexibility in economic strategies and the challenges of distinguishing between transient and persistent inflationary pressures.
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