Today on the Macrocast, Ylan, John, and Brendan are joined by David Wessel, Director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. The group unpacks Fed Chairman Jerome Powell’s Jackson Hole speech, including Powell’s takeaway that the economy’s growth could require additional Fed hikes to fight inflation.
The group also discusses the implications of the U.S.’s federal debt, including former South Carolina Gov. Nikki Haley’s comments on the subject at this week’s debate ,and triages the prospects for Congressional economic deals more broadly in the coming months.
Read more about David Wessel and his work at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.