Your reaction to that? Look, this is just another symptom, Laura, of a deeper structural issue with the U.S. federal Reserve. You got a bunch of academicians who took over the [Federal Reserve] place in the late 1990s. and there's this concept of trying to hit two different targets with one arrow, inflation and unemployment. When you look at the last 30 years, they've done a disastrous job at both. (03:08–03:12)
CLAIM
Asserts that academicians took over the Federal Reserve in the late 1990s.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
