How the Fed Got It So Wrong

Published on
March 30th, 2022
Duration
44 minutes


How the Fed Got It So Wrong

The Essential Conversation ·
Featuring Greg Weldon and Jared Dillian

Published on: March 30th, 2022 • Duration: 44 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.