Fed Chair Powell and the New Rules of Monetary Policy
Mercatus Policy Download
00:00
Is the Fed Going to Raise Rates Too Fast?
David Frum: I don't think recession is the real risk now unless we have a trade war. He says Jay Powell used the words positive hysteresis, which means that if you push the labor market hot enough and keep it there long enough, you might pull people back in from the sidelines. Frum: There is this moment that we might be seeing in Fed history where they're kind of running this bit of an experiment.
Transcript
Play full episode
