So says Federal Reserve Chairman Jerome Powell in a recent Wall Street Journal opinion column. Jeff Snider listens and reacts to Powell's case that the disruption wasn't the Fed's fault and that the central bank did the best it could.
---------SEE IT-----------
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
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----EPISODE #61 TOPICS----
01:03 Is a central bank's job to prevent crisis or to make the crisis less worse?
04:34 The Fed's goal should've been to maintain US dollar exchange rate stability and liquidity
06:01 US Treasuries were being sold by the market in March 2020, but why?
10:28 Powell says the recovery is continuing apace and on a good trajectory
12:21 The employment recovery took place almost entirely in the first months, but sideways since
14:34 What role does the mainstream media have in explaining what standard to hold the Fed to?
--------REFERENCES--------
Jerome Powell on the Pandemic Year: https://on.wsj.com/39kdnp6
One Year Later: Why No ‘V’?: https://bit.ly/3dhBaY0
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7
---------WHO-----------
Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by David Parkins. Podcast intro/outro is "Habitual" by Ava Low at Epidemic Sound.
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