Adam Posen

speaker

1,220 appearances 2 recordings 1 series first heard Aug 2025 last heard 1 Sep

Adam Posen’s voice in public audio — every appearance, attributed to the second.

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Odd Lots · Adam Posen on a Surreal Jackson Hole in a Post-American World · 26 Aug 2025 podcast

I think the Fed, whether they admit it or to themselves or not,

is publicly underestimating how much the twenty twenty to twenty twenty two experience de anchored inflation expectations.

It didn't take us to Argentina in nineteen eighty, but anybody who says that they're the same as they were before twenty twenty, I think, is deluding themselves.

And then additionally

Going back to what Joe was saying about the surreal aspect of this time.

The

Trump administration has been, as they have.

Hugely attacking the інpendence of the Фельппоїс.

And this is showing up in a less strong dollar.

Then that's another reason to think that the expectations aren't gonna be anchored and you're not gonna get an offset from the currency.

to the tariff inflation so bing bing bing that's four reasons

Why I think the argument is clear.

that we're gonna get more inflation, more persistence of inflation, more second round effects than some people are saying.

So isn't there a place where I'm

There's a legitimate real discussion and I'm very strongly on one side of it.

Okay.

So I think the useful discussion, all credit goes to Larry Summers, roughly was it twenty nineteen, twenty eighteen, he gave the speech about secular stagnation, reviving the concept from Alvin Hansen.

And uh oh sorry, that was much earlier he gave that speech.

Then he gave the speech in twenty nineteen in which he said secular stagnation may be ended.

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