5min chapter

Forward Guidance cover image

The Bank Crisis Is "Overblown" | Joseph Wang

Forward Guidance

CHAPTER

What Is the Fed's Role in Society?

The Fed has become increasingly important in society and it's basically giving itself new jobs. They're becoming more involved in things that are not what they're originally intended to be. And potentially they could roll out a central bank digital currency, which would even more greatly expand their potential reach. The Fed's ruling society, I think, needs to be discussed and debated more.

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