Economist Podcasts Money printer slow brrr: the Fed turns down the taps
Dec 16, 2021
Join Simon Rabinovich, U.S. economics editor at The Economist, and Mian Ridge, the U.S. news editor, as they dive into pressing issues. They discuss the Federal Reserve’s accelerated bond-buying tapering to combat inflation and its broader economic implications. The conversation also highlights the growing loneliness among American men, linking it to shifts in social dynamics and friendships. Plus, discover how streaming is changing the landscape of Christmas music, favoring seasoned artists during the holiday season.
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Fed Admits Inflation is Persistent
- The Fed previously believed inflation was transitory but now acknowledges its persistence.
- This change in view led to the decision to accelerate the tapering of bond purchases.
Fed's Hawkish Shift on Inflation
- The Federal Reserve is accelerating its tapering of bond purchases to combat rising inflation.
- This move signals a shift towards monetary tightening while maintaining optimism about the US economy.
Fed Looks Past Omicron
- Despite the Omicron variant's surge, the Fed remains focused on economic recovery.
- Their decision-making prioritizes the underlying economic strength and the ability to live with the virus.