4min chapter

Planet Money cover image

Two Indicators: Inside the Fed, then and now

Planet Money

CHAPTER

What I Learned From the Pandemics

If you knew everything you knew now, would you have argued for an interest rate rise earlier? Well, you know, policy is in a really good place now. And we've seen monetary policy work quite effectively. I learned that pandemics are harder to get rid of than you think. We need to get people prepared for the fact that we might turn our speedboat before the tanker ship can turn.

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