Presentation: Revisiting Inflation: A Variation on a Theme by David Laidler: The Fed’s Monetary Policy Exit is Once Again Behind the Curve

There is much debate about whether or not the US Federal Reserve acted quickly enough to restrain accelerating inflation. Professor Michael D. Bordo, the Board of Governors Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, discussed the evolving doctrine, reading inflation signals and understanding the economy, the Fed’s interpretation of the dual mandate and implications of political pressure during the C.D. Howe Institute's September 15, 2022 David Laidler Lecture.