Joseph Wang, former senior FED trader & known as the “Fed Guy”, joins us to discuss the credibility of the FOMC and what drives the neutral rate, Central Bank policies and the consequences of increased divergence, monetary policies and reducing liquidity to address the problems of inflation, de-globalization and how labour is no longer connected to corporate wellness, how the FED and other Central Banks have focused on the wrong things for the last few decades, exorbitant privilege and whether the FED is starting to lose control, safe assets and ways to preserve capital, cryptocurrencies, strength of the Dollar and much more.
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00:00 - Intro
03:13 - Joseph’s background
06:34 - Shocking FED Announcement
10:52 - Central Bank policies
14:11 - Monetary policies and liquidity
30:40 - FED paper suggesting they don't know where inflation comes from
40:03 - The wider consequences
45:45 - FED losing control?
53:55 - Safe assets and crypto
01:05:01 - What keeps Joseph up at night?
01:09:52 - Thanks for listening