Has the Fed Been Bad for the U.S. Economy?

The transcript discusses the dual mandate of the Federal Reserve, suggesting a shift to a single mandate focused on inflation. It highlights the role of practitioners in shaping Fed policy and critiques the current approach to monetary policy. Insights from the book 'Fed Up' are shared, emphasizing the need for diverse backgrounds in Fed leadership and the impact of low interest rates on financial stability.

What does the speaker believe should be the responsibility of Congress regarding employment in the economy?

What was the speaker's reaction to the Federal Reserve's use of the core PCE inflation metric?

What does the speaker imply about the relationship between debt levels and inflation?