Powell enabled the current bad-news-is-good-news market dynamic by his emergency policies in 2020-21, and now he is trying to undo his own damage by proving the Fed will stay tight even as the economy falters.
causalpending
Speaker
James BiancoEvidence Quote
“after 2020 into '21, he did more than anybody else to enable people to think about that cycle...So, he's trying to undo kind of his own damage.”
Source
DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23— DoubleLine CapitalCreated: 8/11/2026, 1:33:48 AM
My Notes
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