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b'\\xc1ngel Ubide is a Managing Director at Goldman Sachs and formerly was a Senior Fellow at the Peterson Institute for International Economics. Today, he joins the show to discuss his new book *The Paradox of Risk: Leaving the Monetary Policy Comfort Zone.* \\xc1ngel argues that the Federal Reserve has become too afraid to take risks when implementing new policies. Instead, he offers alternative proposals aimed to move monetary policy out of its comfort zone. David and \\xc1ngel also discuss the Eurozone crisis, the ECB, and using more effective communication, accountability, and greater transparency to minimize biases within monetary policy. David\\u2019s blog: macromarketmusings.blogspot.com David\\u2019s Twitter: @DavidBeckworth \\xc1ngel Ubide\\u2019s Twitter: @AngelUbide \\xc1ngel Ubide\\u2019s book: https://cup.columbia.edu/book/the-paradox-of-risk/9780881327199 \\u201cThe Latest Central Bank Fad: Asymmetric Inflation Targeting\\u201d by David Beckworth(Bull\\u2019s Eye images of symmetric and asymmetric targets) http://macromarketmusings.blogspot.com/2016/01/the-latest-central-bank-fad-asymmetric.html'