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Tight labor markets, low real interest rates, and large federal budget deficits are a textbook recipe for inflation, and yet, inflationary expectations remain contained. Is there a monetary policy that will simultaneously engender robust economic growth and “normalize” interest rates? Can the Fed push interest rates to levels that, when the next recession hits, allow the Fed to stimulate growth by lowering rates, or will the required rate hikes stifle growth?
On this episode of the AEI Events Podcast, join AEI’s Paul Kupiec and a panel of experts to discuss the governing principles behind the Fed’s monetary policies, their treatment of economic growth, and other important issues.
This event took place on October 5, 2018.
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