How monetary policy works (and doesn't)
from The New Bazaar
Skanda Amarnath is the executive director of Employ America, an organization that advocates for strong labor markets. He recently published a research note titled "What Are You Expecting? How The Fed Slows Down Inflation Through The Labor Market", in which he and co-author Alex Williams explores how the Federal Reserve's tools work to influence employment outcomes and the prices of goods and services. Skanda joins Cardiff to discuss: — The definition of full employment — How to investigate all the competing theories for what really causes inflation — The specific channels through which monetary policy affects inflation — What the Fed should do now to combat high inflation in the US — What Skanda has learned about monetary policymaking in the pandemic era Related links: Skanda's Twitter feed Employ America main site "What Are You Expecting? How The Fed Slows Down Inflation Through The Labor Market"
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