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Raghuram Rajan: Why The Banking Crisis Isn’t Over
Capitalisn't
The Fed's Intention to Listen to Market Participants
I don't doubt the good intentions, but I think that number one, if you are blind to a certain aspect, it's probably not coincidental that you're blind. The Fed through the start of the pandemic said there are no bubbles, everything's great, everything's solid. None of our policies lead to asset price inflation. That's not the way this works. And if you talk to anybody in the market, they would tell you exactly the opposite. There are all sorts of signs of a crazily overheated market"
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