In this excerpt of Winner Take All, host Alex Moazed talks to economist and former investment banker Rob Johnson about his experience working with Paul Volcker and how it compares to Jerome Powell's tenure as Federal Reserve chair. Johnson draws parallels between the supply shock that ignited inflation in the 1980s and the present day, but also highlights key differences in labor power and unionization. He cautions against overly hawkish policies and emphasizes the importance of subtlety and nuance in economic decision-making.

Watch our full interview with Rob Johnson:    • Institute for New Economic Thinking P...  

#SVB #economicpolicy #economy2023
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