5min chapter

On The Market cover image

121: Why the Fed is Steering Us Straight Towards the Next Great Recession w/Danielle DiMartino Booth

On The Market

CHAPTER

The Consequences of QE

Jay Powell is trying to reverse some of the mistakes that have been made, says CNN's John Avlon. He can keep going as in tightening? Yes. Every 50 billion dollars that we wake up to on July, whatever it's going to be because of the holiday and we see that another 50 billion dollars of shrinkage has happened with that balance sheet. That's one more small step towards success. The soft landing thing is BS It sounds like your belief that what Jay Powell is doing is possible or how this plays out?" he asks. "I did not just mention that we've had a 90% living in state for three months in a row"

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