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With the Fed’s balance sheet at $3.2 trillion and counting, policy makers might find themselves looking to Economics Professor Scott Sumner’s Nominal GDP policy where less is more.
Professor of Economics Scott Sumner chats with hosts of "The Hays Advantage" Kathleen Hays and Vonnie Quinn along with Bloomberg writer Caroline Baum about why the Fed should move towards nominal GDP targeting.
Professor of Economics, Scott Sumner, highlighted as an influential advocate for a more expansionary Federal policy, comments on the benefits related to looser monetary policy.
Economics Professor Scott Sumner provides insight on how the Federal Reserve Bank's recent decisions relate to his framework for nominal GDP targeting and what implications this will have for the U.S. economy.