2min chapter

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#38: Danielle DiMartino Booth On The Future Of The Federal Reserve

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Fed's 2% Inflation Target and the Risk of Massive Fiscal Stimulus

I don't think it's as simple as saying we're going to be back to full employment by January 2022. And so I do foresee a situation in which we need more fiscal stimulus than what we're envisioning, especially because we're not putting it towards productive means with infrastructure spending or jobs reskilling for millions of people who are losing their jobs.

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