Dennis Lockhart on the 2008 Crisis, Fed Policy & Today’s Economy

Speak Up’s Anthony Scaramucci welcomes former Federal Reserve Bank of Atlanta President and CEO Dennis Lockhart to explore the echoes of the 2008 financial crisis and how they still resonate in today’s economy. Lockhart shares insider insights into the Fed’s bold response with quantitative easing, critical lessons learned, and how those actions continue to impact today’s Fed policies, including the recent rate cut. He also discusses the rising risks of deficits, the challenge of balancing growth with inflation, and what may lie ahead for the U.S. economy.

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Chapters:

0:38 - Introduction & Guest Background

3:17 - Setting the Stage: 2007 to 2008 Crisis

6:44 - The Fed’s Minuet With The Markets

11:33 - Quantitative Easing: Was It a Good Idea?

17:53 - Are Interest Rates Back to Normal?

20:58 - The Fed’s 50 Basis Point Rate Cut: Panic or Optimism?

23:28 - The Impact of Rising Deficits on the Economy

28:41 - Demonetization or Quantitive Tightening Explained

31:27 - Dennis Lockhart’s Personal Investment Strategy

33:28 - Audience Question: Can the Fed Balance Inflation Control with Growth?

35:22 - Audience Question: Where Should I Park My Cash?

37:27 - Audience Question: Blockchain, Stablecoins & Bitcoin

39:52 - Tackling America’s Debt and Unfunded Liabilities 

42:11 - Audience Question: How Can Politicians Be Civil To Each Other?

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