Want Proof that the Fed Rate Hikes are Slowing the Economy? Visit Tahoe.

Posted by Jackie Ginley on December 6th, 2022

Reading the Fed's Tea Leaves

I read an interesting op-ed piece recently. An economist on a cross country flight from NY was sitting next to a homemaker (he didn't exactly call her that, but that's what he meant), and when she realized what he does for a living, she peppered him with questions about Jerome Powell and the direction of the Federal Reserve. He didn't mind talking about it; that's what he does for a living. But he marveled at the fact that an average American was so studied in the politics of the Federal Reserve; that spoke volumes.

Beyond knowing the names of the past Fed Chairs, I can't say that I gave it much thought before now either. But 2022 changed all that.  Like a lot of Americans, I'm now hanging on Powell's every word because…

1800 Views, 0 Comments