Monetary policy is confusing. What even is The Fed? How do they control interest rates? Is The Fed different than the Treasury? Why do different cities have different feds? And, most importantly, do people with laser eyes on Twitter actually know anything about inflation?
These are all things that I've wondered about — fortunately, my friend Chris Russo is a post-graduate research fellow at the Mercatus Center at George Mason University and an expert on monetary policy. And, he lifted some weights at South Loop Strength & Conditioning while pursuing his education at the University of Chicago.
Chris does a great job of breaking down how monetary policy impacts our daily lives, and gives an enlightening explanation of some of the plumbing that keeps our monetary system functioning. Plus, we discuss a zoomed out perspective on how to think about the inflation numbers in the news.
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