The Federal Reserve, responding to rising inflation, has recently pivoted from ultra-accommodative monetary policy. In the new book, The Lords of Easy Money, business journalist Christopher Leonard argues the Fed’s reliance on quantitative easing over the last 12 years “broke” the American economy by widening the wealth gap and making the financial system more prone to asset bubbles.
The New York Financial Writers' Association will host a discussion with Leonard and Wharton professor Peter Conti-Brown, who will offer a countering perspective on the Fed.