Krugman Sees No Need for Fed 'Shock Therapy' to Tame Inflation

The transcript discusses the current state of inflation, the effectiveness of quantitative easing (QE), and the need for interest rate hikes by the Federal Reserve. It explores inflation expectations, the concept of a terminal rate, and the goal of achieving a soft landing for the economy. The discussion also touches on supply-side solutions and the role of fiscal policy in addressing inflation.

According to the speaker, what is the ultimate goal of the Fed regarding interest rates and inflation?

What does the speaker mean by 'soft landing' in the context of monetary policy?

What is the speaker's perspective on the need for fiscal stimulus to address inflation?