Adam Posen Thinks Things Could Get Very 'Messy' for the Fed

Adam Posen, president of the Peterson Institute for International Economics, joins Odd Lots to discuss the state of Federal Reserve policy following Kevin Warsh's hawkish speech at Jackson Hole. The conversation covers the Fed's challenge of curbing persistent inflation, why US inflation dynamics differ from other countries, and how the Treasury's bond market operations could compromise central bank independence. Posen also assesses the Fed's internal task forces, explains the 'messy jobs' theory of AI's impact on labor, and unpacks what Warsh means by wanting a 'good family fight' inside the FOMC.