Folkerts-Landau Says Fed Is the Adult in the Room

The video discusses the theories of economist Hyman Minsky and the potential for a 'Minsky moment' due to low interest rates and central bank policies. It highlights the unpredictability of financial crises, referencing past events like the Asian and tequila crises. The discussion emphasizes current economic risks, including high government debt and liquidity overhang, and the role of central banks, particularly the Federal Reserve, in managing these risks through careful interest rate adjustments.

What historical patterns of financial crises does the speaker mention?

What role does the speaker believe the Federal Reserve should play in managing economic risks?