Jerome Powell’s Record on the Economy and Full Employment

Mike Konczal is Director of Macroeconomic Analysis and Progressive Thought at the Roosevelt Institute. His recent article “Completing the Revolution in Macroeconomic Policy,” is part of a three-part series from Roosevelt Institute staff that lay out their agendas for the next Federal Reserve term across three different issues: corporate power, climate change, and macroeconomics. In this episode, Mike discusses the radical approach the Fed has taken to monetary policy under Chair Powell, the success of the Fed’s various pandemic related interventions, and Powell’s approach to inflation and monetary tightening. While Mike doesn’t explicitly endorse Powell for reappointment, his article and this interview make a strong case for Powell based upon his track record on full employment and a strong recovery.

 

Related Links:

Completing the Revolution in Macroeconomic Policy by Mike Konczal

https://rooseveltinstitute.org/2021/08/16/priorities-for-the-next-federal-reserve-chair-completing-the-revolution-in-macroeconomic-policy/

The Roosevelt Institute’s Priorities for the Next Federal Reserve Chair by Suzanne Kahn

https://rooseveltinstitute.org/2021/08/16/roosevelt-institutes-priorities-for-the-next-federal-reserve-chair/

The Fed's Municipal Lending Failed Black Public-Sector Workers by Max Moran

https://therevolvingdoorproject.org/the-feds-municipal-lending-failed-black-public-sector-workers/

Monetary Policy in the Time of COVI by Jerome Powell

https://www.federalreserve.gov/newsevents/speech/powell20210827a.htm

 

Mike’s Twitter: @rortybomb

Mike’s website: https://rooseveltinstitute.org/authors/mike-konczal/

Lee’s Twitter: @leereiners

GFMC Twitter: @DukeGFMC