2min chapter

The New Liberal Podcast cover image

Can we hit a Soft Landing? ft. Joseph Politano

The New Liberal Podcast

CHAPTER

What Did the European Central Banks Do in the Great Recession?

The Fed had official mandate to focus on employment. They kind of just, I don't want to say fully ignored it, but they deprioritize that heavily. It's actually very funny right now because I think we were entering an opposite phase where people want central banks to do a lot of things. And then people tack on like in New Zealand, there's now a home price mandate and there would be like environmental mandates.

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