3min chapter

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#38: Danielle DiMartino Booth On The Future Of The Federal Reserve

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Evolution of J Powell

The power in your tools in QE and ZERPA is really through animal spirits. They can't allow the stock market or any other asset markets to normalize. The Bank of Japan, they were never able to extricate themselves from unconventional monetary policy. But what these examples tell us, the Bank of England looking to impose negative interest rates, it's that central bankers can only fall further down the rabbit hole.

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