In February 2022, Fed-adjacent officials (Zoltan Pozsar at Credit Suisse and Bill Dudley, former NY Fed President) publicly stated 'we need to crash stocks to get inflation down,' revealing that the Fed knew the wealth effect on boomer spending was the driver of inflation, not broad monetary excess.
factualpending
Speaker
Luke GromenEvidence Quote
“back in February this year when you had Zoltan at Credit Suisse and then you had Bill Dudley, the former New York Fed President, both say, 'We need to crash stocks to get inflation done.'”
Created: 8/11/2026, 1:30:01 AM
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