The US fiscal stimulus has substantially complicated the economic outlook and the Federal Reserve may not react fast enough to inflationary pressures, says former Fed Governor Laurence Meyer. As a result, inflation risk may morph into recession risk. Meyer is president of Monetary Policy Analytics, an independent research firm focused on macroeconomics, FOMC policy and interest rates, having served on the Federal Reserve Board from 1996-2002. For 27 years he taught at Washington University as Professor of Economics and chairman of the Economics Department.
Original air date: 16 May 2018