Minneapolis Fed President Neel Kashkari On The Historic Challenges For Monetary Policy
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 31 August 2020
⏱️ 52 minutes
🧾️ Download transcript
Summary
The Fed is facing historic challenges for two reasons. The first is the coronavirus and the task of facilitating the economic recovery. The second challenge is one that precedes the crisis, and it has to do with how the Fed operates generally as well as the limits of effective monetary policy. How can the Fed better achieve its goals? Can monetary policy spread the benefits of growth more broadly? How can it avoid snuffing out growth prematurely? On this week’s episode, we’re joined by Minneapolis Fed President Neel Kashkari, who is thinking about all of these things and more.
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| 0:00.0 | Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it. |
| 0:07.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and |
| 0:15.5 | I'm going to explore the lessons we can learn when creativity and ambition collide |
| 0:20.7 | with competition and power. |
| 0:23.0 | Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts, |
| 0:28.0 | or wherever you get your podcasts. Hello and welcome to Tracy Allaway. |
| 0:45.0 | Tracy Allaway. |
| 0:48.0 | Tracy, if it weren't for the coronavirus, this would be the week of a pretty important sort of gathering of the brightest minds in |
| 1:00.0 | monetary policy Federal Reserve Central Banking all around the world. |
| 1:03.4 | That's kind of a big if, isn't it? |
| 1:05.9 | Like if it weren't for everything that threw 2020 into disarray this other thing would be important. |
| 1:11.3 | But yes, it is Jackson Hole Week and Jackson Hole Week is |
| 1:15.2 | traditionally when the sort of luminaries of economics gather to talk about the issues that |
| 1:21.7 | are most pressing to them from an academic perspective and also from a real economy perspective. |
| 1:26.4 | And it's usually the time when we have lots of interesting discussions, lots of interesting speeches coming out from policymakers and lots of interesting academic |
| 1:36.6 | papers as well. |
| 1:38.6 | Right and so today we are recording this on Wednesday, August 26th. |
| 1:44.0 | So by the time people here today's interview, |
| 1:47.3 | the Jackson Hole event, |
| 1:48.8 | it's actually still happening, |
| 1:49.8 | but it's just happening digitally, |
| 1:52.1 | sort of like all meetings are happening these days. |
... |
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