How Much Pain Will It Take to Crush Inflation? (with Minneapolis Fed President Neel Kashkari)

The Federal Reserve is continuing to raise interest rates in an attempt to crush record high inflation. But how far will they go, could it lead us into a recession with massive job loss, and how will stock markets react? Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, offers a candid look at the tools at the Fed’s disposal and explains why they’re taking strong actions at the risk of economic pain for Americans.

Keep up with Andy on Twitter @ASlavitt.

Follow Neel Kashkari on Twitter @neelkashkari.

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Check out these resources from today’s episode: 

Watch Federal Reserve Chair Jerome Powell’s latest speech announcing the third interest rate increase in a row: https://www.pbs.org/newshour/politics/watch-live-federal-reserve-chair-jerome-powell-gives-update-after-decision-on-interest-rates

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Order Andy’s book, “Preventable: The Inside Story of How Leadership Failures, Politics, and Selfishness Doomed the U.S. Coronavirus Response”: https://us.macmillan.com/books/9781250770165 

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For additional resources, information, and a transcript of the episode, visit lemonadamedia.com/show/inthebubble. See omnystudio.com/listener for privacy information.