MNI FedSpeak Podcast

Ex-IMF chief economist Simon Johnson says inflation is coming down quickly enough for the Fed to remain patient as it ponders possible additional rate hikes. We also talked about his new book, 'Power and Progress,' which takes a skeptical look at the idea that technological advances automatically make everyone better off.

Ex-Fed board economist and Peterson Institute fellow Joseph Gagnon discusses his outlook on Fed policy, inflation and employment. He thinks Fed rates will go a bit higher but the central bank will eventually pause as inflation ebbs at the end of 2023. 

Ex-NY Fed economist Dominque Dwor-Frecaut expects a sharp drawdown of reserves as the Treasury rebuilds its cash balances after the debt ceiling resolution. She also explains why the Fed will likely have to raise rates much higher to bring inflation under control.

Wages have not been a major driver of inflation thus far, and growth in pay has benefited those at the bottom of the income ladder, Minneapolis Fed economist Abigail Wozniak tells MNI.

Canadian Federation of Independent Business President Dan Kelly discusses why firms see an economic slowdown but not the recession that many investors are predicting.

Stubborn inflation could prompt the Federal Reserve to extend its monetary tightening campaign in a way that raises the risk of a recession, senior Dallas Fed economist Enrique Martinez-Garcia tells MNI.

Tighter credit conditions due to the recent banking crisis mean the Fed doesn't have to raise interest rates as much, former Fed governor Randall Kroszner tells MNI.

The U.S. banking crisis has shifted the focus of Federal Reserve official from the threat of high inflation to the risk of a sharp credit contraction, Fed advisor and KPMG chief economist Diane Swonk tells FedSpeak. 

The U.S. economy faces a possible credit crunch because of the latest banking crisis, which could put a damper on inflation and lead to a lower peak interest rate from the Federal Reserve, ex-Fed board governor Jeremy Stein tells MNI.

Conference Board of Canada chief economist and former central bank researcher Pedro Antunes says restrictive rates will curb consumer spending and bring inflation back to 2% as the central bank predicts.