3min chapter

Coin Stories with Natalie Brunell cover image

Danielle DiMartino Booth: New Fed Rate Regime? What If Nothing Systemic Breaks to Force Fed Pivot

Coin Stories with Natalie Brunell

CHAPTER

Fed Officials

There is a certain indescribable hubris among academics that is the most irritating thing you can ever imagine. There was a lot of politicking going on inside of the Fed. Most people don't appreciate that. The transitory narrative was emblematic of the paralysis and of the fact that there were two people vying for the leadership position at the Fed, which divided the staff. In the aftermath, it's, yes, he was led down the wrong path, but the egg was on Jay Powell's face. And now he's pissed.

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