The Fed Has a Credibility Issue on Inflation

This week, Diane Swonk, Grant Thronton chief economist, joined to discuss Federal Reserve Chairman Powell's policy shift to let inflation and employment run higher and whether the central bank could feasibly achieve the new policy goal. Srinivas Thiruvadanthai, research director for the Jerome Levy Forecasting Center, came on to talk about the Center's new report on just how unequal the recovery has been between large corporations and small businesses. Erica Groshen, former Commissioner of the U.S. Bureau of Labor Statistics, discussed the wave of corporate layoffs announced this week. Then Anastasia Seebohm, CEO of the global members-only concierge company Quintessentially Group, came on to talk about how the luxury market is fairing amid the downturn and adapting to the new pandemic reality.See omnystudio.com/listener for privacy information.