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EssentialThe Essential Conversation

How the Fed Got It So Wrong

Featuring Greg Weldon and Jared Dillian

Mar 30, 2022 • 43 minutes

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Essential

The Essential Conversation

How the Fed Got It So Wrong

Central bank policy has made inflation permanent.

Featuring Greg Weldon and Jared Dillian

Mar 30, 2022 • 43 minutes

Poor analysis, over-reliance on quantitative easing, and a slow reaction to inflation are just some of the reasons Greg Weldon believes the Federal Reserve has lost its credibility. The latter is the most crucial issue: Far from “transitory,” inflation has been made permanent by the Fed’s easy money policy. Weldon, the founder and CEO of Weldon Financial, joins Jared Dillian, the editor of The Daily Dirtnap, to talk about a “nervous, apprehensive, and highly politicized” central bank wary of making the tough decisions necessary to maintain price stability. Weldon describes to Dillian a U.S. economy in a 50-year old bubble driven by credit and debt, arguing the Fed is now fearful of moving too quickly and “bringing down the house of cards.” Is a U.S. recession inevitable? Weldon and Dillian address this timely question, explaining along the way why gold will be one of the best-performing assets amid the ongoing debasement of fiat currencies. Recorded on March 24, 2022. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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