​Eichengreen on waning threat of deflation, Galbraith on Bernie Sanders’ solutions for US

Chairwoman Janet Yellen made a lengthy case against Audit the Fed legislation, warning it would make the Fed less effective and harm the US economy. Erin weighs in. Barry Eichengreen, professor of economics and political science at Berkeley, gives us his take on Yellen’s commentary on the Fed’s interest rate policy and how serious the prospect of deflation is. James Galbraith, author of ‘The End of Normal’, gives us his positive take on US Senator Bernie Sanders and US Senate Budget Committee Chief Economist Stephanie Kelton and explains how their economic proposals are different than what other Democrats have put forward. And in The Big Deal, Erin and Edward Harrison discuss boxing and the estimated revenue of the upcoming ‘Fight of the Century’ between Floyd Mayweather and Manny Pacquaio.

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