Macro Musings with David Beckworth cover image

60 – Matt Klein on Greece, Optimal Currency Areas, and Safe Assets

Macro Musings with David Beckworth

00:00

The Fed's Problem With Inflation and Unemployment

The Fed has a dual mandate, looking at both inflation and unemployment. In the early 2000s, private employment took like five years to get back to where it was in terms of after the '98 financial crisis. I think personally, the thing that's less excusable is what happened in the 90s, where we had very low inflation as well but you also had 3.8% unemployment.

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