The Need to Return to Normal

The podcast episode discusses the importance of returning to normalcy in the United States economy after a period of abnormal monetary policies. The guest speaker, Gary Cohn, reflects on the pre-2008 financial crisis era when the Federal Reserve meetings did not dominate financial markets. He emphasizes that the current prolonged zero interest rate policy has led to increased risk-taking behavior as investors search for higher returns. Cohn believes that the country is now at the beginning of a transition back to a more normal economic state, characterized by positive yield curves and risk premiums.