Thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. So im joined here by olivier now at the peterson institute. Loretta loretta mester. And paul krugman, the economist at City University of new york and columnist for the new york times. Krugman is the guy who makes all journalists nervous because he seems to be more productive than the rest of us and thats kind of frightening given that he does all these other things on the side, but we ask discuss those things later. I wanted to start by asking each of the panelists what they took afwra the away from the conversation we had this morning. I want to start with olivier who makes the observation in the slide you see behind us thats been made about how the wage phillips curve behaves perhaps as one might have expected, but prices arent rising. So the question is what the hell is going on . Okay. So i had prepared a slide in anticipation. I think it has survived the previous three hour
Our conversation from the Brookings Institution on Monetary Policy and inflation continues. Coming up, well hear from former fed chair ben bernanke and New York Times columnist and authored paul krugman. Thank you all for continuing the conversation. Its almost hard to believe theres anything left to say after those panels. So i was going to propose that we do this whole thing in rap. Or maybe in finnish, but i thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. Also, you wouldnt want to hear me. So i am joined here by Olivia Blanchard whos with the peterson institute, formerly of the International Monetary fund and m. I. T. Loretta mester, and ben beg your pardon ben bernanke, our colleague here at brookings, paul krugman, the economist at the university of new york and columnist for the New York Times. Krugman is the guy that makes all journalists nervous because he seems to be more productive than the rest of us and thats kind
Improve the quality of both monetary and fiscal policies and in particular the public understanding of them. Under the under the very able leadership of david wessel, weve worked to promote analytical rigor but also to make complex questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bott
Questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bottom. Thats kind of where we are right now. Has Monetary Policy been so well anchored. Have globalization and Technology Made raising prizes difficult . Has the economy evolved in ways the models simply havent been incorporated . And
Related. If you know this person in this video, police and the folks who gather here hoping that youll give police a call right away. For now, live at casa ruby in the petworth neighborhood, matt ackland fox5 local news. Major changes to how youll access the internet and what you might pay for it in the future. Today the fcc voted to end socalled Net Neutrality capping off a long fight over how the changes could empower Service Providers to charge customers more down the road. Tom fitzgerald is live at fcc headquarters with what happened and what it means from here on out. Fitz. Reporter jim, good evening. At one point protesters put flowers outside of the fcc headquarters in what they call a funeral for the internet. Now, understand the internet is not dying but what the fcc did today was vote to kill that obama era rule called Net Neutrality. Now, you probably this. What is neutrality. Well, basically what it means is this rule as it currently stands means that Internet Companies can