Fed Needs To Overhaul Economic Model

The Fed should be on pause, argues Judy Shelton, because its methods of fighting inflation aren't working. The Fed needs to overhaul its model, even if that means questioning the long-held ideas about the relationship between unemployment, inflation growth, and inflation. She says the Fed should be more hands-off, and not be so quick to raise or lower rates. She also discusses the recent bank troubles and how the government has reacted.