My guest today is Andrew Huszar, a Senior Fellow at Rutgers Business School and also a former Morgan Stanley managing director. In 2009, he managed the Federal Reserve's 1.25 trillion dollar mortgage-backed security purchase program.

The topic is the direction of the Federal Reserve.

In this episode of Trend Following Radio we discuss:

• Looking at the short term
• Black swans
• Huszar's history and how he came to work for the Federal Reserve
• The changing of the banking model in the US from the 1980's to the late 2000's
• Quantitative easing
• Why Huszar ultimately left the Fed at the beginning of 2011
• How the Fed has become over five times bigger in recent history
• The current source of Wall Street money
• The idea of an overly financialized US economy
• The need for long-term structural changes in the US

Jump in!

---

I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!