FIRST AIRED: May 23, 2017

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00:00:00
Ben Bernanke is no longer a Republican I'm rob boxing writers breaking view I had the former federal reserve chairman in today and he told us one of the biggest risks for the economy is actually political dysfunction in Washington , monetary fiscal mix , but again given the fiscal policy was not doing much , what do you think that's just that's just a misunderstanding of what the fed is doing , instead of actually trying to get interest rates to the right level , in the sense that there it was only a some interest rate which is consistent with the growing prosperous full employment economy that the interest rate that is trying to get , it raised interest rates prematurely or too much I mean you know hypothetically %HESITATION you know that , that's not anymore market determined and what it's doing now but it would be worse for the economy because it would %HESITATION it would result in a slower growth and more unemployment , so this idea that there's artificial interest rate management or that there such a thing as market interest rates independent of what the fed doesn't , incoherent it is not a wrong it's just incoherent