Growth Summit 2023: Chief Economists Briefing
World Economic Forum
00:00
The Fed's Response to the Inflationary Threat
Paul Waldman: We've had three phases of inflation. Now we have a profit margin-led inflation episode, which is unusual. He says the Fed chair who knows in economics 101 textbook when inflation is high, raise rates and don't stop. Waldman: That's not how Bonanqui or Yellen or Greenspan would have done it. But no, I'm not a big fan of where the Fed is at the moment.
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