The Next Recession Could Come Courtesy of the Fed

On this week’s Stephanomics podcast, host Stephanie Flanders helps listeners navigate the perils of monetary policy with David Wilcox, Bloomberg’s director of U.S. economic research, and Jamie Rush, Bloomberg’s chief European economist. Wilcox, who formerly directed the U.S. Federal Reserve’s research division, explains why the central bank is more worried that inflation will run too low over the long term, and less worried about the current 5.4% annual rate. Meanwhile, Rush argues that the Bank of England “lost its nerve” and is taking too aggressive an approach in battling price increases. 

Source: https://www.washingtonpost.com/business/on-small-business/the-next-recession-could-come-courtesy-of-the-fed/2021/10/21/222fc64e-3247-11ec-8036-7db255bff176_story.html