AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
There Are No Doves Left At The Federal Reserve | Nick Timiraos
Forward Guidance
The Fed's Independence
The Fed is in charge of inflation. The whole reason people talk about or maybe fetishize Fed independence is because you want the Fed to be able to do what they need to do. Don Cohen, who was a life fed life or ended his services vice chair to Ben Bernanke made a different point to me recently. And he said it's because people don't want to be remembered as sort of the second coming of Arthur Burns now there are other people who are worried that if you raise interest rates too high then we'll get another recession like 2008.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode