Today on the Brief:

• EU leaders agree on $2 billion stimulus package
• LinkedIn job cuts show weakness in the professional sector
• Has DeFi jumped the shark?

Our main discussion: The Fed’s changing inflation strategy

University of Oregon professor and Bloomberg columnist Tim Duy recently penned a piece called “The Fed Is Setting the Stage for a Major Policy Change” arguing that we’re likely to see more inflation, promoted by the Fed. 

In this episode, NLW breaks down:

• Why the Fed is turning away from its traditional inflation forecasting method 
• Why the Fed is likely to let real inflation hit 2% before doing anything
• Why some are calling the move “simply asinine” 
• Why some think the Fed is full of hot air and has no power to actually create inflation
• Why the Fed is trapped by its definition of inflation

Audio clip featuring Alhambra Investments head of research Jeffrey Snider in an interview with Emil Kalinowski.