Scott Sumner on Monetary Policy Confusion in Our Current Policy Debates

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