Desmond Lachman on how the Fed should respond to soaring inflation

Desmond Lachman is a Senior Fellow at AEI. He joined AEI after serving as a managing director and chief emerging market economic strategist at Salomon Smith Barney. He previously served as deputy director in the International Monetary Fund’s (IMF) Policy Development and Review Department. At AEI, Mr. Lachman is focused on the global macroeconomy, global currency issues, and the multilateral lending agencies. This week, Desmond joins Robert and Phoebe to discuss how record-level pandemic spending led to the highest inflation numbers in decades. He explains what we can expect in the next year, and the steps the Fed take to avoid a hard economic landing.