Module 3, Lesson 3.5: Why Does the Federal Reserve Hate Workers?

Written By SCEPA

In this fifth lesson of Module 3, Professor Ghilarducci considers the Federal Reserve's impact on workers, and, in an interview with Dr. James K. Galbraith, discusses inflaiton and the role of the Federal Reserve.

By the end of this video (1/1), learners will be able to:

  • Describe why an interest rate hike causes a recession.

  • Explain why a recession reduces bargaining power.

SCEPA
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Module 4, Lesson 4.3: Winners and Losers from Globalization