With inflation still raging, Capitalisn’t podcast hosts Luigi Zingales and Bethany McLean sit down with London School of Economics’ Ricardo Reis to discuss the Federal Reserve’s role. Reis argues that while the Fed has made mistakes, they are largely understandable. Together, the three discuss why it took so long to pivot policies, how central banks responded to supply and energy shocks, how much the Fed is to blame, and what it should be doing to control inflation.

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