According to a recent poll from the National Association for Business Economics, 21% of economists are starting to consider the current monetary policy set by the Federal Reserve as too restrictive, which is the highest level in more than a decade. The debate over how the Fed has the economy under control continues to rage on. Tomas J. Philipson, Former Acting Chair of the White House Council of Economic Advisers in the Trump administration, joins Yahoo Finance to discuss how he thinks the Fed is operating under current economic circumstances and why he believes the central bank is not on the money with their policies. Philipson comments: "I've been arguing a long time that they have the wrong framework. It's not just me. A lot of people have argued, this Phillips curve framework where they have to kill the economy to kill inflation. A lot of economists don't believe in that framework, even though it is the sort of book... instruction manual in DC. If you just take the two last years, in '22, we had very slow growth. We had rapid inflation. In '23, we had pretty strong growth, but inflation coming down. That's just an example of this Phillip curve relationship where inflation is not driven or you don't have to kill the economy to kill inflation, essentially. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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