1861: The Fed Guy Joseph Wang: Mortgage Rates Will Go Even Higher! Part 1

Jun 27, 2022

41:05

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Episode notes

Jason Hartman invites Joseph Wang aka The Fed Guy, to the show today. Who better to talk about the inner workings of the Federal Reserve than someone who actually worked there! Joseph Wang is a former senior trader on the open markets desk at the Federal Reserve and the author of Central Banking 101.

Jason and Joseph tackle the biggest question on everyone's mind: will mortgage rates go higher? How much higher can they go? Why did the Fed wait so long to start quantitative tightening and raise rates? Why didn't they do it more gradually?

Is the Fed part of a greater conspiracy? Is there a man behind the curtain pulling the strings? Joseph Wang tells all! FedGuy.com

Key Takeaways:

Jason's editorial

1:25 Working at the world's biggest investor

3:21 Us versus the G7

8:47 Increasing renter population

10:47 Mortgage rates are higher but you're still getting paid to borrow

14:09 Mortgage rates are still below inflation

15:54 Bidding wars in the rental market

Joseph Wang's interview

20:48 Welcome to The Creating Wealth Show, today's guest: Joseph Wang, aka The Fed Guy

22:08 Interest rates and mortgage backed securities