Scott Sumner on Monetary Policy Confusion in Our Current Policy Debates

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  Welcome to Macro Musings,

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  where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past,

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  present, and future.

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  I am your host, David Beckworth,

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  a senior research fellow with the Mercatus Center at George Mason University,

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  and I'm glad you decided to join us.

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  Our guest today is Scott Sumner.

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  Scott is the Ralph G.

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  Hotry Chair Emeritus of Monetary Policy and my former colleague here at the Mercatus Center.

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  Scott joins us today to catch us up to speed on what he has been doing,

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  as well as his thoughts on U.S.

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  monetary policy over the past few years.

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  Scott, welcome back to the show.

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  Thanks for inviting me, David.

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  Good to be here.

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  Good to have you on.

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  It's gonna be great to catch up with you.

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  It's been a while and I will remind the listeners that you were the very first guest on Macro Musing Scott,

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  so you kind of blaze the trail of all these 500 plus episodes that have followed.

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  Also, it's worth pointing out, I've said this before,

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