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EssentialThe Essential Conversation

No Way Out: Are We Headed for Stagflation?

Featuring Komal Sri-Kumar and Ash Bennington

Feb 10, 2022 • 56 minutes

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Essential

The Essential Conversation

No Way Out: Are We Headed for Stagflation?

The Federal Reserve is so behind the curve that its efforts to beat inflation could lead to recession within 18 months.

Featuring Komal Sri-Kumar and Ash Bennington

Feb 10, 2022 • 56 minutes

The Federal Reserve’s scramble to contain red-hot inflation resembles nothing so much as the late 1970s, when G. William Miller led the central bank. Miller is the last Fed Chair – before Jerome Powell – who wasn’t an economics PhD. He lasted one year. His successor, Paul Volcker, raised the Fed’s benchmark rate at an unprecedented pace to rein in inflation, a painful process that did set the foundation for decades of declining interest rates and generally consistent growth. Dr. Komal S. Sri-Kumar, president of Sri-Kumar Global Strategies, thinks an approach similar to Volcker’s is needed now. But he sees no political will – inside the Eccles Building, on Capitol Hill, or in the White House. Sri-Kumar talks with Real Vision’s Ash Bennington about how we may be headed for “some form of crash landing,” including a serious stock market correction, a recession, and, ultimately, stagflation. He does offer the example of Germany under Chancellor Gerhard Schroder as the model for a way out. Recorded on February 7, 2022. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

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The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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