In this special series of the podcast, we're focusing on the policy priorities of the second Trump administration, and how research can inform our understanding of our rapidly changing economic environment.

Consumer frustration with high inflation after the pandemic was a big factor in the presidential election. The Federal Reserve's main tool to combat this inflation was higher interest rates, otherwise known as tightening monetary policy. While this approach has brought down inflation from the historic highs of 2022, it still hasn't hit their target of 2%. In this conversation, economist VV Chari will share his perspective on learnings from the last couple of years about inflation and monetary policy and the potential impact of President Trump's approach.