Inflation, The Fed And “Zero Dollars”

In a few days, the Congressional Budget Office will either back or buck President Biden’s claim that the Build Back Better plan – aka, “human infrastructure” – “costs zero dollars”. Michael Boskin, the Hoover Institution’s Wohlford Family Senior Fellow and the Tully M. Friedman Professor of Economics at Stanford University, discusses the measure’s fiscal impact, inflationary concerns, plus the significance of President Biden’s choice for chairman of the Federal Reserve – also expected soon.