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10min chapter
Checks and Balance: Growth states
Economist Podcasts
Oil, Inflation, and Economic Governance
This chapter explores the profound effects of oil on energy markets and global politics, alongside the Federal Reserve's aggressive interest rate hikes aimed at curbing inflation. It reflects on historical tension between U.S. presidents and the Fed, particularly during the mid-1990s, demonstrating the intricate balance between monetary policy and political pressure. Additionally, the narrative examines how current economic policies may influence upcoming presidential elections while highlighting the challenges faced by independent institutions in a politicized environment.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode