Fed Chair Jerome Powell tried to make it give the impression like the end of an era but didn’t inspire confidence in the central bank’s ability to lead in the era that comes next.
On the Breakdown’s Weekly Recap, NLW guises at the shifting sands of the global economy. He articulates Federal Reserve Chair Jerome Powell’s speech at Jackson Hole this week was an argument that an era that began in the 1970s is now closing. At the same time, he contends Powell did very little to provide a vision for what comes next. In its place, it is the alternative economic philosophies, Modern Monetary Theory on the one side, Bitcoin on the other – that are attracting people for a different vision of the future.
This week on The Breakdown
- Monday | Feat. Adam Tooze, How Much Ought We Fear Post-Crisis Debt or Inflation?
- Tuesday | The Big Get Bigger, An Unintended Consequence of Low-Interest Rates?
- Wednesday | The Battle to Get Dictator’s Apprehended Millions to 62,000 Venezuelan Health Heroes
- Thursday | Everything You Need to Know About Jerome Powell’s Jackson Hole Speech
- Friday | The Anxiety Index: Four Fear Factors Shaping the Economy