2min chapter

The Compound and Friends cover image

The Most Powerful Man in Washington Stays Put, How to Buy a Correction (with Tony Dwyer)

The Compound and Friends

CHAPTER

You Can Never Get Out of It

The Fed used to fear higher inflation, but now it fears the extraordinary amount of debt is a deflationary factor. All those hawks are aged out. They're all 90 years old now. There's no way. When they started talking about these new tools that they actually put in place in June, they changed the playbook. So, Josh, I don't know. You cannot ever get out of it. We just saw it."

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