AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
Birth of the U.S. Dollar | Roger Lowenstein
Forward Guidance
The Federal Reserve's Mandate Drift
You chronicled the rise of the Federal Reserve. How have you seen its mandate drift? I believe maybe was in the sixties that it came up with the idea of stable employment and stable inflation, the dual mandate. But then there's sort of a hidden mandate that asset prices shouldn't go down. And if asset prices crack, that means they were too high and we'll survive.
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