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.
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Federal Reserve
Understanding US inflation during the COVID-19 era
Past Event
September
08-09
2022
U.S. Economy
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Authors
Laurence Ball
Professor of Economics
- Johns Hopkins University
David Wessel
Director
- The Hutchins Center on Fiscal and Monetary Policy,
Senior Fellow
- Economic Studies
@davidmwessel
Commentary
PodcastHow bad will the economy get before inflation gets better?
October 4, 2022
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Brookings Podcast on Economic Activity