AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Fitch's U.S Debt Downgrade Was Justified | Danielle DiMartino Booth
Forward Guidance
The Fed's Role in Funding the Government
Jay Powell when asked about the US government deficit gives the following answer. If and when he is asked about the downgrade of US debt by Fitch, I can almost guarantee you that he will give the following answer: "That's not my job" He cares about inflation, the dual inflation and unemployment, the dual mandate, a little financial stability sprinkled on top. You know, that's up to Congress. It was Congress's job at the time to take advantage of zero interest rate policy to indemnify the nation's balance sheet for as long as possible. Now we're faced with locking in high rates place in the country at risk.
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