As the Great Inflation wore on into its second decade, even politicians in Congress knew it had something to do with failure at the Fed. Demanding answers, a series of reform laws were passed including the one which commands Jay Powell's presence today. Why all this happened is as important and relevant to today as anytime in between.

Eurodollar University's Money & Macro Analysis

FOMC Meeting October 1978
https://www.federalreserve.gov/monetarypolicy/files/FOMC19781017meeting.pdf

FOMC Meeting December 1978
https://www.federalreserve.gov/monetarypolicy/files/FOMC19781219meeting.pdf

FOMC Meeting June 2000
https://www.federalreserve.gov/monetarypolicy/files/FOMC20000628meeting.pdf

Federal Reserve Reform Act of 1977
https://www.govinfo.gov/content/pkg/STATUTE-91/pdf/STATUTE-91-Pg1387.pdf

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DISCLOSURES
Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.

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