Is The Federal Reserve Manufacturing a Financial Crisis? — With Christopher Leonard

Big Technology Podcast

Alex Kantrowitz

Technology, Religion & Spirituality, Business News, Business, Religion, Science, Philosophy, Society & Culture, Entrepreneurship, Management, Marketing, Politics, News Commentary, Government, Investing, Tech News, Social Sciences, News

4.6 • 395 Ratings

🗓️ 11 October 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Christopher Leonard is the author of The Lords of Easy Money: How the Federal Reserve Broke the American Economy. Ranjan Roy is the author of Margins. Both join Big Technology Podcast for a special episode where we dig into the Federal Reserve's outsized role in the economy, how its recent moves may send asset prices spiraling, and whether we're heading toward a financial crisis as a result. Tune into a timely and important episode as the Fed's aggressive interest rate shock is starting to broadly reverberate. --- Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice. For weekly updates on the show, sign up for the pod newsletter on LinkedIn: https://www.linkedin.com/newsletters/6901970121829801984/ Questions? Feedback? Write to: [email protected]

Transcript

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0:00.0	New York Times bestselling author Chris Leonard joins us to talk about the Federal Reserve's influence on the economy, the stock market, and how it's influencing the state of Wall Street today.
0:11.1	Is it manufacturing a financial crisis? All that and more right after this.
0:16.4	From LinkedIn News, I'm Leah Smart, host of Everyday Better, an award-winning podcast dedicated to personal
0:21.7	development. Join me every week for captivating stories and research to find more fulfillment
0:26.3	in your work and personal life. Listen to Every Day Better on the LinkedIn Podcast Network,
0:30.6	Apple Podcasts, or wherever you get your podcasts. LinkedIn Presents.
0:44.3	Welcome to Big Technology Podcast, a show for cool-headed, nuanced conversation of the tech world and beyond.
0:47.3	We have an amazing show for you today. Joining us today is Chris Leonard.
0:49.3	He's the author of The Lords of Easy Money, How the Federal Reserve Bro broke the American economy. It's a terrific book.
0:55.6	I just finished reading it, and it goes into detail about how the Fed influences our economy.
1:01.3	And we're going to talk about that and what it might be doing to our economy today.
1:04.9	So first of all, Chris, welcome to the show.
1:06.9	Thank you. It's great to be here.
1:08.9	Great to have you. And for a special Wednesday treat, Ron John Roy is here with us. We're going to do the interview together. Ron John, welcome.
1:16.9	You couldn't keep me away from this one. I've been waiting to talk Zerp with Chris Leonard. Right. I feel like Ron John, we talk about the stuff that's red meat for you. And I feel like if we could cook up a dream episode for this podcast, this would be it. So here we are living the dream. So Chris, thanks for making that happen.
1:34.1	My pleasure, man. Let's start with at the end, really, and then work backward. So we're definitely in a moment of turbulence in the market. The market's panicking. They say the Fed is going to hold rates higher for longer.
1:47.3	Stocks are tanking.
1:48.8	Can you contextualize the moment for us?
1:50.9	Why is the Fed having so much influence right now on the economy, the state of our country,
1:55.8	state of the stock market?
1:58.7	Great, great question.
2:01.7	Listen, here's the headline I want to start with.
	...

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