Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth
Forward Guidance
00:00
The Dopp Hub and the Fed's Debt Tightening
The majority of the members of the Federal of the Market Committee agree with J-PAL, that shrinking the balance sheet is absolutely first and foremost of import at the Fed. I mean, we haven't had any bank failures in a while, right, Jack? Yeah, six weeks, so long. But that doesn't mean that banks, net interest margins are not being eviscerated. The second quarter earnings season is going to be like if you're seeing lenders pull out of entire lines of business. And reactive, violent policy, that shreds credibility. So this aura of calm, we're all in this together. We know what we're doing. It's easy to say
Play episode from 12:53
Transcript
