The Macro Moment: The Fed Manages Hype

We are conditioned to believe in the power of the Federal Reserve and other central banks. Here we feel they have their fingers on the pulse of the economy, pulling strings as needed to avert disaster. But really, what do they control?

In this video I discuss how, ultimately, the Fed delivers hype. That is what their job is. The idea of "Dont fight the Fed" is promoted by the financial media, to most people's loss. Here we cover some of what makes the situation different from what people believe.