Age of Easy Money (Full-length Film Audio Track)
The FRONTLINE Dispatch
00:00
The Fed's Decision to Raise Interest Rates
Jay Powell is a profoundly competent smart guy who has spent his entire career at the nexus of big money and big government. The Fed had already begun raising rates and reversing QE, they'd call it quantitative tightening or QT. We don't need those accommodative low interest rates that we needed when the economy was quite weak. They're not appropriate anymore. If the Fed knew what it was doing, they would lower rates and they would stop once and say the tightening.
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