Economist Levy Looks to Fed Normalization After Inflation

The transcript discusses the shift of inflation into asset bubbles post-financial crisis, the effects of monetary and fiscal stimulus on demand and inflation, and the Federal Reserve's approach to normalizing interest rates. It also examines the impact of tapering on the economy and financial markets, highlighting that tapering may not significantly affect the economy or market rates.

What is the relationship between monetary policy and inflation as discussed in the text?

How has the Federal Reserve's approach to interest rates changed over time according to the discussion?

What are the implications of the Fed's tapering on the economy and financial markets?

Discuss the concept of 'normalization' in the context of the Federal Reserve's policies.

What factors contribute to the persistence of inflation as mentioned in the text?