Forward Guidance The Secret To Maintaining Dollar Dominance | Joseph Wang & Austin Campbell LIVE @ DAS
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Mar 25, 2025 
Joseph Wang, who leads a registered investment advisory specializing in macro financial strategies, and Austin Campbell, an NYU professor focusing on stablecoins, discuss the impact of the latest FOMC meeting on the U.S. economy. They explore the idea of the U.S. becoming more like emerging markets with fiscal challenges and deficits. The conversation highlights the role of stablecoins in supporting U.S. dollar dominance and the innovative legislation surrounding them, while also examining the future of U.S. Treasury bonds and their implications for growth.
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Focus on Sound Policy
- Focus on sound fiscal and monetary policy, regardless of short-term consequences.
- Prioritize long-term sustainable growth over avoiding recessions.
Recessions and Volatility
- Recessions and market volatility aren't inherently bad; they're natural.
- Hiding volatility with monetary policy creates bigger problems later.
Shift in US Debt Issuance
- The U.S. government is issuing more short-term debt than long-term debt.
- This raises concerns about who will buy this debt, impacting U.S. dollar hegemony.