Essential Geopolitics: Employment Versus Inflation

In this episode of the Essential Geopolitics podcast from RANE, Emily Donahue speaks with Michael Monderer, Senior analyst for Global Economics about the the Federal Reserve's decision to keep its policy interest rate near zero at least through 2023 and until it achieves desired outcomes for employment and inflation. That’s a strong signal that getting people back to work is more important than inflation. Fed Chairman Jerome Powell made clear, however, that further fiscal stimulus is needed.

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