Peterson Institute's Adam Posen on Inflation

The video discusses current inflation trends, the Federal Reserve's response, and potential future scenarios. It explores the possibility of inflation decline, debates long-term inflation outlook, and compares the current Fed with the Volcker era. The discussion includes supply side economics, historical inflation context, and debates on adjusting inflation targets.

What role do base effects play in the current inflation rates?

In what ways might the current economic situation be compared to the 1970s?

What are the potential consequences of raising the inflation target to 4%?