How monetary policy works (and doesn't)
Episode Transcript
Episode transcript coming soon.
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
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