There's a civil war inside the Federal Reserve with a December rate-cut decision looming. Some members want to cut aggressively, others think there’s still too much inflation, and Jerome Powell is stuck trying to hold the whole thing together. In this episode, we get into why the Fed is so divided and whether "independence" is even possible.
0:00 Intro
0:43 The Federal Reserve is divided over rate cuts
3:46 How much damage has The Fed done to the economy since 2008?
6:40 Scott Bessent's three I's to fix America's affordability issue
9:52 The poverty line is $140,000?
15:02 Will Bitcoin bottom soon?
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Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at:
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