... of the highest quality; please submit errata to editorial@dardenbusinesspublishing.com . Federal Reserve monetary policy Great Recession stagflation Jerome Powell unemployment inflation Jerome Powell was the chair of the Federal Open Market Committee (FOMC), which was responsible for setting...

... of the current administration could cost him his job. This case follows classes on fiscal and monetary policy in normal times and is the first class in a sequence on macroeconomic challenges–in this case, stagflation–high inflation and high unemployment. Students are pushed to consider why macroeconomic...