Can the Fed Do More To Stimulate the Economy?

The transcript discusses the need for vigorous monetary and fiscal policies to generate inflation, highlighting the constraints faced by the Federal Reserve and the lack of fiscal policy action from Washington. It advocates for expansionary fiscal policy combined with commitments to future fiscal balance, emphasizing the importance of controlling long-term entitlements. The discussion also touches on the opportunity to invest in infrastructure with low interest rates, while stressing the need for balanced spending. The transcript concludes with a call for sensible long-term fiscal policy discussions, noting the bipartisan neglect of this issue.

What does the speaker believe is necessary for infrastructure development at low interest rates?

According to the speaker, what should be balanced with current spending?