The Spirit of St. Louis: A View From Inside the Fed
David Andolfatto, economist and senior vice president at the Federal Reserve Bank of St. Louis, joins Pedro da Costa, senior reporter at Market News International, to give a peek behind the curtain into the Fed’s monetary policy at this unique market juncture. Andolfatto analyzes the most recent economic data and estimates that we are headed towards a “W-shaped” recovery. He then describes the remaining tools the Fed still has at its disposal. Da Costa and Andolfatto also analyze the pandemic as an accelerant of secular trends, such as working from home and rapid adoption of technology, as well of the lasting impacts of this acceleration. They also explore helicopter money, the commoditization of consumer loans, as well as the looming threat of inflation. Filmed on July 10, 2020.