review of the central bank's policy framework. for the us federal reserve and is now at yale school of managementd him what stood out for him among the policymakers�* discussions. of monetary policy and there it was striking where they are with rates where they are. they see inflation is still too high, still above their target. and policy is somewhat tight. to target over time? pretty happy with just waiting and seeing. there is a lot of uncertainty, of course, partly because of that gives another impetus to wait and see exactly how things do you think it is speculative at this stage, or are we yet seeing any evidence of the inflationary reflects those policies. but these things take a little while to play out, and i think few months, we may begin to see something on that. sure. but what about that crackdown on immigration — undocumented immigration? do you think sufficient attention is being paid over the last couple of years, the labour market went from being very tight to being more or less in equilibrium, and a big piece of that was immigration, which increased the size of the labour force.

america, it's all going to bring trillions of dollars for the us federal reserve and is now at yale school of managementi asked what stood out for him among the policymakers�* discussions. the thing that is always top of mind is the discussion rates where they are. they see the economy is still solid. they see inflation is still too high, still above their target. and policy is somewhat tight. so the key question for them is, will they get clear indications that inflation is coming down to target over time? rates will be higher for longer, and they seem there is a lot of uncertainty, of course, partly because of move on rates. seeing any evidence of the inflationary pressures caused by donald trump's policies? i don't think we're seeing anything yet that reflects those policies. if there were substantial tariffs in place for a while and that could boost inflation. than a month, so i don't think we're seeing anything yet. sure. we have been talking, obviously, a lot about tariffs, but what about that crackdown on immigration — undocumented immigration? has mattered a lot. from being very tight to being m

she's now a professor at yale university's law school and school of management.cane topic. do you want to try and explain why people should care about this? yeah, totally. >> and thanks. >> for having me. you know, when i first heard this. >> story, this weekend. >> or last week. >> i was just. >> like, stunned about. >> the nature of the disclosure here. and maybe. >> just, like, give. >> your viewers. >> a sense. >> the bureau of fiscal. >> service is kind. >> of like. >> the accounts payables department. >> for the federal government. >> so money coming in, money going out, they're kind. >> of responsible. >> for the plumbing, the sense. >> of the. >> mechanics of how tax credits gets paid. or how. social security benefits. get paid. and as. >> such, this data. >> and. this infrastructure. >> is incredibly sensitive. >> it has the. >> social security. >> information and. >> the private information of. >> every single american in this country. and so i've. >> been wracking my brain for days. >> trying. >> to come up with. >> like a. reasonable reason. why unele