Adam Posen on a Surreal Jackson Hole in a Post-American World

In this episode of the Odd Lots podcast, hosts Joe Weisenthal and Tracy Alloway interview Adam Posen, president of the Peterson Institute for International Economics and former member of the Monetary Policy Committee at the Bank of England, at Jackson Hole. They discuss the attacks on central bank independence, the potential restructuring of the global order under the Trump administration, and the implications for the U.S. economy. Posen argues that the U.S. is abandoning its role as the global "insurance provider," leading to a reversal in the dollar's safety correlation and potentially higher inflation. The conversation covers topics such as tariffs, manufacturing, and the future of monetary policy, with Posen offering insights into the challenges facing central banks in a stagflationary environment.