The Fed Controls the Secured Overnight Financing Rate

In this episode of Forward Guidance, Jack once again sits down with former senior Federal Reserve trader Joseph Wang, more commonly known by his moniker “Fed Guy.”

In the interview, the two go deep into the leadership, policy, and future of the Federal Reserve, as well as look at how textbook concepts such as the Fed controlling inflation through the federal funds rate are outdated at best. Joseph takes his years of experience and impressive knowledge of modern financial systems to critique how central banks run the economies of today. Jack and Joseph question if the Fed is on the right path to end inflation and if the current regime even knows how to combat the problems of an economy overheated by fiscal stimulus. Don’t miss this important and thought-provoking interview.

Joseph Wang’s writings can be found here: https://fedguy.com/

Joseph Wang’s Twitter: @FedGuy12

Jack Farley’s Twitter: @JackFarley96

Blockworks’ Twitter: @Blockworks_