EPISODE 9: Thomas Palley on the Fed and Shared Prosperity

Ever wonder what the Fed does and why? How are interest rates connected to how hard it is for you to find a job? We chat with economist Thomas Palley about how the Fed is a political institution that has betrayed its mandate to provide the highest possible rates of employment to American workers  since the 1970s.

Check out the episode here!

Thomas Palley is an economist working in Washington, D.C. Learn more about his work here. You can read his report, “The Federal Reserve and Shared Prosperity: Why Working Families Need a Fed that Works for Them,” at the Economic Policy Institute’s website.

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