Wolfers quoted in Marketplace segment on Fed transcripts
Justin Wolfers was quoted in a segment on American Public Media's Marketplace about Federal Reserve Board deliberations in the run-up to the Great Recession. The Fed recently released transcripts for its 2007 meetings that show substantial disagreement among its members about the status of the U.S. economy.
"It's a rather startling divide, which I think is kind of hard to explain given that they're all looking at the same data," Wolfers told Marketplace.
While some like Tim Geithner were concerned about the risk of recession, others at the Fed, like Dallas Fed president Richard Fisher, were more concerned about issues like food price inflation.