Inflation is persistently too high, but the Fed cut its policy interest rate five times in the past 14 months. Why? Steven Davis asks FOMC member Jeffrey Schmid.
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ABOUT THE SERIES
Each episode of Economics, Applied, a video podcast series, features senior fellow Steven Davis in conversation with leaders and researchers about economic developments and their ramifications. The goal is to bring evidence and economic reasoning to the table, drawing lessons for individuals, organizations, and society. The podcast also aims to showcase the value of individual initiative, markets, the rule of law, and sound policy in fostering prosperity and security.
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