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Investing Experts
Should we trust economic data? With Danielle DiMartino Booth
Feb 14, 2024
Economic expert Danielle DiMartino Booth discusses Fed Chairman Powell's rate decisions, the reliability of CPI data, and the importance of real earnings over retail sales. The podcast delves into the yield curve inversion, implications for investors, analysis of Bitcoin's impact on inflation, and strategies for navigating the volatile market.
25:49
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Quick takeaways
- Jay Powell aims to maintain high rates to shrink balance sheet, utilizing disappointing data for leverage.
- Concerns over CPI accuracy and trustworthiness as it lags and doesn't reflect real prices accurately.
Deep dives
Jay Powell's mission to shrink the balance sheet and keep rates high
Jay Powell's mission as the Federal Reserve chair is to keep rates high and shrink the size of the balance sheet. Any disappointing data that he knows will fade gives him ammunition to achieve this mission.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode