With inflation today at levels not seen since the early 1980s, many are looking back to that period for guidance on how to tackle rising prices. But markets expert Scott Minerd says to go further back – to 1946, when US economic conditions more closely resembled today’s. He explains how the Federal Reserve then was able to reduce inflationary pressures and avoid a serious recession, though he notes the present-day Fed’s challenges in achieving price stability and full employment. Executives, financial professionals and investors will find this a fresh take on inflation and monetary policy.
About the Author
Scott Minerd is the global chief investment officer at Guggenheim Investments and a founding managing partner of Guggenheim Partners.