Eye on the Prize: John Cochrane on Monetary Policy, the Fed’s Evolution, and Career Achievements

What are we to make of the debt-ceiling drama in Washington and why is there a need for the Federal Reserve to engage in greater self-examination? John Cochrane, the Hoover Institution’s Rose Marie and Jack Anderson senior fellow and a recipient of the 2023 Bradley Prize for his contributions to the study of economics, reflects on lessons learned from inflation, institutional drift, and the art of economic storytelling.