Fed Has Courage to Act on Inflation, Glenn Hubbard Says

The transcript discusses the Federal Reserve's response to inflation, comparing current actions to historical precedents like Paul Volcker's era. It highlights the challenges posed by fiscal policy, market complacency, and potential future rate hikes. The conversation also covers the causes of inflation, the labor market's role, and the Fed's credibility. Finally, it touches on the impact of technology on economic growth and the political challenges in ensuring equitable benefits.

What does the speaker suggest about the Federal Reserve's understanding of inflation?

How does the speaker compare the current economic situation to the period from 1975 to 1983?

What challenges does the speaker identify regarding the Federal Reserve's ability to control inflation?

What is the speaker's view on the possibility of a soft landing for the economy?

How does the speaker perceive the relationship between fiscal policy and the Federal Reserve's actions?

What does the speaker believe about the credibility of the Federal Reserve in addressing inflation?

What are the implications of technological advancements on the current economic challenges according to the speaker?