No Inflation? Technology May Have Left it Back in the 20th Century - podcast episode cover

No Inflation? Technology May Have Left it Back in the 20th Century

Oct 03, 20178 min
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Episode description

During her speech to the National Association of Business Economics on Tuesday, Federal Reserve Chair Janet Yellen made a rather startling admission: The Fed may have “misspecified” its models for inflation and “misjudged” the strength of wages and the job market.

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