33: How Monetary Policy is Now Being Outsourced (Sort Of)

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.

Om Podcasten

Will Covid-19 reshape the global economy or simply shrink it? What are nations doing to protect jobs and businesses from the fallout, and what will the long-term consequences be for labor markets, global supply chains and government finances? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conversations with internationally respected experts on these and other issues to bring the global economy to life.