33: How Monetary Policy is Now Being Outsourced (Sort Of)
About this episode
The Federal Reserve has two mandates: price stability and full employment. Yet now many wonder whether the Fed, like many large and powerful organizations, has outsourced policy. And no, we're not talking about China or Mexico -- but rather to the financial markets. Instead of setting policy and letting markets respond, are investors really in the driver's seat? Is the Fed merely following their cue? Bloomberg's Rich Miller discusses the new dynamic with Dan, while Bob Burgess and Madeleine Lim try to let him know who's boss.
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