Central Bank Screw-Up Is a Big Risk: Economist

The transcript discusses the risks of economic slowdown and potential policy mistakes that could lead to a recession. It highlights the exhaustion of current policies and the potential role of fiscal policy in the US economy. The discussion also critiques political candidates for not addressing long-term sustainability and deficit reduction, while emphasizing the importance of maintaining the Federal Reserve's independence. The need for changes in tax code and infrastructure spending is also mentioned.

What are the potential risks associated with raising interest rates too quickly?

In what ways could fiscal policy be a productive tool for the US economy?

How do the candidates' discussions on fiscal sustainability impact the US economy?

What are the consequences of a lack of clarity from presidential candidates regarding economic policies?

What is the significance of the independence of the Federal Reserve in economic policy?