Macro Musings with David Beckworth Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell’s Jackson Hole Speech
Sep 11, 2023
Joe Gagnon, senior fellow at the Peterson Institute for International Economics and former senior staffer at the Federal Reserve Board of Governors, joins the podcast to discuss Jerome Powell's Jackson Hole speech. They cover topics such as the future direction of r star, current inflationary trends and the Phillips curve, the Fed's commitment to a two percent inflation target, and more.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 3min
The Uncertainty of Interest Rates and Equilibrium Rates
03:12 • 8min
Future of Social Security, Inflation Progress, and Components of Inflation
10:45 • 5min
Perspectives on Inflation, Wage Growth, and Economic Indicators
15:49 • 2min
The Impact of Federal Reserve's Monetary Policy on Inflation and the Economy
17:44 • 27min
The 2% Inflation Target and Framework Review
44:36 • 8min
Nominal GDP Targeting and Make-Up Policy in Achieving Quick Return to Trend Path
52:29 • 6min