As the economy emerges from the deepest recession in living memory, it's becoming clear that the Federal Reserve is doing something new. Under Fed Chair Jerome Powell, the whole kitchen sink has been thrown at the goal of getting the economy back to full employment.
So we wanted to know: How does Jerome Powell think differently about economics?
Today Mike Konczal, Director of Macroeconomic Analysis at the Roosevelt Institute, joins us to discuss what we're calling "Jeromonomics." Mike shares four ways Jerome thinks differently about the economy, including why this new approach can be best summed up with our Indicator of the Week: The Black-white unemployment gap.
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