Fed to Face Hard Decisions, Former Kansas Fed Chief Says

The transcript discusses the significance of the Kansas City Fed Symposium, highlighting its role in policy discussions among central banks. It anticipates Jay Powell's remarks on the policy framework, particularly inflation averaging. The debate on inflation targeting and its implications for economic growth is explored. The Federal Reserve's expansionary policy during the pandemic is analyzed, with a focus on the challenges of normalizing policy post-recovery. The impact of Fed policy on income and wealth inequality is also examined, emphasizing the need for careful planning in future policy decisions.

What is the potential impact of asset inflation on income inequality?

What advice does the speaker give regarding the Federal Reserve's future policy framework?

In what ways does the speaker suggest the Federal Reserve should prepare for the post-pandemic economy?