Macro Musings with David Beckworth · Mercatus Center at George Mason University
Skanda Amarnath on the Future of the Federal Reserve and its Framework
May 5, 2025·1 hr·5 clips
The Fed's shifting focus between core services, housing, and market-based prices created a communication debacle during high inflation.
As heard by us
A careful Fed discussion about how supply shocks and productivity surprises complicate the inflation signal.
This episode treats the Fed's Framework Review as a live test of how a central bank should think when inflation is being pushed by supply shocks, tariff effects, and the possibility of a productivity boom.
Why you'd press play
A Fed framework debate that treats supply-side shocks as a central policy problem.
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