Fed's Fischer on Low Rates, Inflation, Fed Policy

The transcript covers a discussion on historical economic charts, teaching methods for PhD students, current economic issues, and the role of the Federal Reserve. It explores the debate between rule-based and discretionary policies, the qualities needed for a Fed Chair, and how to handle economic stability and shocks. The conversation highlights the importance of adapting to global economic changes and the complexities of modern economic policy-making.

What are the potential consequences of a low rate psychology in the current economic climate?

How does the concept of a rule-based system in economics relate to discretion?

What qualities are necessary for a successful Fed chair in today's economic environment?

What lessons can be learned from past economic crises regarding monetary policy?