Trillion Dollar Triage - Nick Timiraos

[flesh]

Great book about the fed/Jerome Powell and what's happened since covid. I think its a Ted or Todd reco

 

Takeaways, 

 

1. Jerome will be more aggressive that I previously believed with inflation. 

 

2. He believes compared to previous fed chairs that projecting strongly causes reflexivity to a great degree.

 

He will move faster and project stronger that what we are accustomed to in both directions. 

 

Aside from that it's pretty interesting in general.  

 

 

[wolverine890]

Did you get the impression that congress was working much more coherent than the media portrayed? That was one of my big takeaways. It actually gave me a bit of hope for our political situation.  

[Gamecock-YT]

Good read, the author got quite a bit of access it seems like, maybe more than you would except from a sitting fed chairman. Hopefully there's a part 2 in 5-10 years time as we see what the fallout is from their actions