Former Fed Vice Chair Blinder on Policy, Inflation

The transcript discusses the Federal Reserve's approach to managing inflation and reducing stimulus, highlighting the need for inflation to exceed 2% before policy changes. It explores potential risks, including the need for the Fed to play catch-up and the influence of bond markets and political factors. The discussion also covers market froth concerns and the impact of the American Families Plan on economic recovery, emphasizing the importance of fiscal policy and structural changes in the workforce.

What factors are contributing to the current levels of froth and exuberance in the market?

What is the significance of getting consumption back to pre-pandemic levels for the current administration's economic policy?

How does the pandemic highlight the need for family and medical leave policies in the U.S.?