The Federal Reserve's Illusion and the Reality of Economic Polarization

Can the US central bank, the Federal Reserve, really stop inflation? Or is it more committed to inflating asset price bubbles for the rich? Political economists Radhika Desai and Michael Hudson discuss the Fed's monetary policy, and its implications for average working people. VIDEO: https://www.youtube.com/watch?v=uAtx2vDJkM8 You can read the transcript here: https://geopoliticaleconomy.com/2024/08/31/fed-inflation-radhika-desai-michael-hudson/ This is part of the show Geopolitical Economy Hour. You can watch other episodes of the program here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP