Scott Sumner is the Ralph G. Hawtrey Chair Emeritus of Monetary Policy and the founder of the Monetary Policy Program at Mercatus. Scott returns to the show, to discuss his life post Mercatus, nominal GDP counterfactuals of the pandemic and the Great Financial Crisis, the role of QE in inflation, the fears about Fed independence, and much more.
Check out the transcript for this week's episode, now with links.
Recorded on January 15th, 2025
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Timestamps
00:00:00 - Intro
00:01:34 - Scott's Life Post Mercatus
00:05:28 - Nominal GDP Targeting
00:19:53 - Quantitative Easing
00:38:28 - Fed Framework Review
00:42:36 - Fed Independence
01:04:33 - Outro
