Fed Independence Concerns
The conversation highlights the unusual economic indicators as productivity growth rises without layoffs, often a precursor to recession. There’s a growing anxiety among economists regarding the potential impact on Fed independence, especially with the possibility of a president who may not support the current institutional framework. Discussions among economists reveal significant worries about the future of central bank independence, particularly if political dynamics shift.In this clip
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Odd Lots
Adam Posen on the Dangers of Jerome Powell's 'Rifle Shot' Jackson Hole Speech
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