4min chapter

GoodFellows: Conversations from the Hoover Institution cover image

The Recession That Didn’t Bark | GoodFellows: John Cochrane, Niall Ferguson, H. R. McMaster | Hoover Institution

GoodFellows: Conversations from the Hoover Institution

CHAPTER

The Fed's Eye on Interest Rate Risks

A banking crisis is certainly the kind of thing that can go wrong cause a contraction and credit. I worry a little about commercial real estate. There's a lot of buildings in San Francisco that aren't paying rent or loans. John, with this idea of reduced inflation rates, is that something we should be super happy about? Or do you think there are other indicators we should look for to help us understand better maybe that this crisis is behind us?

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