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Neel Kashkari on the Fed's Commitment to Defeating Inflation

Aug 31, 2022

Neel Kashkari, President of the Minneapolis Federal Reserve and a notable voice in monetary policy, discusses the Fed's aggressive stance against inflation. He highlights the complexities of recent inflation dynamics and the necessity of strong public trust in the Fed’s measures. Kashkari also dives into the implications of interest rate hikes, the strength of the labor market, and how U.S. economic policy influences global markets. His insights reveal the delicate balancing act the Fed must perform to navigate today’s challenges.

56:16

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Episode guests

Neel Kashkari

Highlights

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Episode notes

How Do You Gauge Policy Lags?

03:25

Do You Have Any Estimates For Unemployment?

01:15

By how much should the Fed raise in Sep?

01:12

Intro

2min

Fed's Inflation Fight: A New Perspective

7min

Understanding Treasury Yields and Economic Indicators

2min

Navigating Fed Communication and Inflation Strategy

4min

Inflation, Employment, and Fed Strategy

14min

Analyzing Labor Market Dynamics and Productivity Trends

5min

Navigating U.S. Economic Policy and Global Impact

26min

At Jackson Hole, Federal Reserve Chair Jerome Powell gave a hawkish speech intended to leave no ambiguity about the Fed's commitment to defeating inflation. But what does that mean in practice? How aggressively will the Fed have to hike? And how much pain will the economy endure as a result of it? On this episode of the podcast, we speak with Neel Kashkari, the President of the Minneapolis Fed. He explains his thinking and why he's become one of the most hawkish officials at the central bank. We also discuss the future of the Fed's decision making framework, the impact of student loan relief, the market and much more.

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