Lead-Lag Live cover image

There Is No Landing For The Fed With Patrick Newman

Lead-Lag Live

00:00

Is the Fed Predicting the Future?

The traditional channel of how the monetary policy affects prices was basically broken since the financial crisis. Many economists, at least initially predicting high inflation from that, but it did not result. This is because the Fed is also paying interest on excess reserves and this caused banks to not lend the money out among various other factors.

Play episode from 03:59
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app