56:22

EssentialThe Essential Conversation

Why Chronic Misdiagnoses Will Lead to Persistent Inflation

Featuring John Cochrane and Rob Arnott

Jan 24, 2022 • 56 minutes

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Essential

The Essential Conversation

Why Chronic Misdiagnoses Will Lead to Persistent Inflation

The Federal Reserve's "epic institutional failures" started before COVID-19.

Featuring John Cochrane and Rob Arnott

Jan 24, 2022 • 56 minutes

Through most of 2021, the Federal Reserve said that inflation in the U.S. would be “transitory.” But inflationary pressures continued to ratchet up, and the Fed was forced to abandon that descriptor. This misdiagnosis, according to John Cochrane, senior fellow at the Hoover Institution, constitutes “an epic institutional failure.” How did we get here? And what happens when people stop believing the government can service its debt? Cochrane discusses the journey from “transitory” to persistent with Rob Arnott, founding chairman of Research Affiliates. Recorded on January 19, 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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