While President Biden has officially declared the COVID-19 pandemic “over,” America now faces a new challenge in the form of an overheating economy and high inflation, and the prospect of a Federal Reserve-induced recession is looming. In the latest Brookings Podcast on Economic Activity, David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy, spoke with Laurence Ball of Johns Hopkins University about his new paper, “Understanding U.S. inflation during the COVID era.” In the study, Ball and his co-authors find that the Fed may need to push unemployment higher than its 4.1% projection to return inflation to the 2% target.
- Listen to the Brookings Podcast on Economic Activity on Apple, Spotify, Google, or wherever you like to get podcasts.
- Learn about other Brookings podcasts from the Brookings Podcast Network.
- Sign up for the podcasts newsletter for occasional updates on featured episodes and new shows.
- Send feedback email to [email protected].
Commentary
PodcastHow bad will the economy get before inflation gets better?
October 4, 2022
Listen on
Brookings Podcast on Economic Activity