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Dear John,
The Federal Reserve has already raised interest rates 3.75 percent this year, with another increase expected in December. This has led many to worry that the Fed is overreacting, and trying to solve problems largely driven by the supply side with demand-side tools.
Join us on Thursday, December 15 at 11 AM ET as we discuss our latest report, The Causes and Responses to Today’s Inflation, by Joseph Stiglitz and Ira Regmi, who find that today’s inflation is largely driven by supply shocks and sectoral demand shifts, not by excess aggregate demand. In addition to the report authors, we will be joined by a panel of experts who will debate whether the media analysis of inflation has gotten too far away from the data and what kinds of supply-side interventions could actually help combat inflation.
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