Surveillance: Inflation Expectations with Rajan (Podcast)
Bloomberg Surveillance
00:00
Do You Think the Fed Can Actually Bring Down Inflation?
The university of chicago's actual foundation and leadership on the breaking of inflation by paul voker a few decades ago. I know history doesn't repeat, but what are the methods we need to do to break this inflation? Well, paul volko used a sledge hammer, right? He essentially a created a double dipped recession in order to squeeze out flation. We hope it doesn't come to that this time. Nevertheless, i think the message from volka is, as inflation gets legs, as it spreads, and it spreads, you have to take strong medicine. And that means raising rates, typically percentage point or two above the prevailing inflation rate. Right now we are
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