BREAKING, INSIDE THE FEDERAL RESERVE: Hidden Camera captures Principal Economist at federal reserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.”

BREAKING, INSIDE THE FEDERAL RESERVE:
Hidden Camera captures Principal Economist at federal reserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes.

“Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant Professor at NYU Stern and received his PhD in Economics from DukeU, helps write speeches for Federal Reserve Board Chair Jerome Powell for the Federal Open Market Committee.

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