The New Bazaar cover image

The New Bazaar

How monetary policy works (and doesn't)

Jun 16, 2022
47:27

Skanda Amarnath is the executive director of Employ America, an organization that advocates for strong labor markets. He recently published a research note titled "What Are You Expecting? How The Fed Slows Down Inflation Through The Labor Market", in which he and co-author Alex Williams explores how the Federal Reserve's tools work to influence employment outcomes and the prices of goods and services.


Skanda joins Cardiff to discuss:


— The definition of full employment


— How to investigate all the competing theories for what really causes inflation


— The specific channels through which monetary policy affects inflation


— What the Fed should do now to combat high inflation in the US


— What Skanda has learned about monetary policymaking in the pandemic era


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