We reported (in person!) this week from the SuperReturn Private Credit conference in Chicago, an event that always attracts top-shelf credit investors and managers.   

In a keynote interview with economist and former Federal Reserve governor, Randall Kroszner, we explored the contrast between two US economies: Covid-challenged, like restaurants, that are still in a recession, and Covid-assisted, like technology, that’s on a hiring tear. How can one monetary policy cover both?  

Dr. Kroszner agreed this is a fundamental challenge. He also cited a study in which differing state incentives in the Sioux City region resulted in the same employment outcomes...