AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Fed Chair Powell Says Goodbye To Era Of Easy Money | Jim Bianco & Joseph Wang
Forward Guidance
The Reverse Wealth Effect
The Fed has essentially no control over this supply side. So it will have to go harder and harder tightening monetary policy on the demand side. Jim Silver: Reverse wealth effect is stocks go down. You feel less wealthy. Your house gets quoted. It's less valuable. You spend less. And what I can conclude from that, Jim, is that inflation will be more sticky because of the supply side.Silver: Do you think we're close to the point where we'll have the reverse wealth effect? Or are we not close?
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode