“You would hope that businesses aren’t thinking about this over the long run… they’re not thinking about should I buy equipment now because I think it’s going to be more expensive later.”
Nick Sly, Denver Branch Executive, Kansas City Federal Reserve
With all that’s going on in the economy, some key economic issues are top of mind, even in the entrepreneurial community where macroeconomics are usually farther down the list of things to focus on. But issues like inflation, workforce, supply chain ARE top of mind – and they’re impacted by monetary policy, so I asked Nick Sly to join me to explain how monetary policy works and how it is impacting decisions that business leaders are making. Nick is a high-energy economist who was really fun to talk to.