💭The neutral rate should be determined by market forces, not the Fed.
🚩The speaker would have warned about inflation sooner and stopped rate hikes at around 4.5%.
📉The speaker is skeptical about the effectiveness of the Fed and believes it does more harm than good.
📊The Fed's balance sheet and income statement have been subject to criticism due to losses and shrinking portfolio.
💰The speaker believes in free markets and argues for the control of money supply by market forces.
What is the neutral rate and who determines it?
—The neutral rate is the rate at which interest rates are neither stimulating nor constraining economic growth. The speaker believes it should be determined by market forces.
What would the speaker have done differently regarding rate hikes?
—The speaker would have warned about inflation sooner and stopped rate hikes at around 4.5%.
What is the speaker's opinion on the effectiveness of the Fed?
—The speaker is skeptical about the effectiveness of the Fed and believes it does more harm than good.
What has been the criticism of the Fed's balance sheet and income statement?
—The Fed has experienced losses and its shrinking portfolio has raised concerns.
What is the speaker's view on the control of the money supply?
—The speaker believes in free markets and argues for the control of the money supply by market forces.
00:00The speaker expresses skepticism about the effectiveness of the Fed and believes in free markets.
05:04The speaker would have warned about inflation sooner and stopped rate hikes at around 4.5%.
12:06The Fed's balance sheet and income statement have been subject to criticism due to losses and a shrinking portfolio.
13:33The speaker believes in free markets and argues for the control of the money supply by market forces.
