Kaplan Says There Are Side Effects to Fed's Purchases

The transcript discusses the limitations of monetary policy in addressing supply issues post-Great Recession, emphasizing the need for substantial progress before tapering. It highlights concerns about the housing market, where private investors are impacting single-family buyers. The Fed's new framework aims to be less preemptive on inflation, allowing the job market to run hotter. The discussion also covers financial stability, market expectations, and the importance of balancing growth with debt sustainability.

What is the speaker's stance on the new framework for addressing inflation?

What role does outreach play in the speaker's understanding of economic developments?

How does the speaker suggest balancing the need for economic growth with managing debt?