S8 Ep673: 7. Joseph Sternberg critiques the Federal Reserve’s tendency to "overtalk." He argues that excessive public forecasting and the confusing "dot plot" mislead markets and obscure the economic reality of ongoing global conflicts. (7)
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 1 April 2026
⏱️ 14 minutes
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Summary
7. Joseph Sternberg critiques the Federal Reserve’s tendency to "overtalk." He argues that excessive public forecasting and the confusing "dot plot" mislead markets and obscure the economic reality of ongoing global conflicts. (7)
1935 ARABIA
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| 0:39.9 | website. I'm John Batchel. I welcome my colleague Joseph Sternberg. He's a member of the editorial board of the Wall Street Journal. He's in London. He writes political economics. Regarding the Federal Reserve in this moment of wider war upon us. |
| 1:18.1 | Straits of Formuz, Ukraine, the conflict that is potential always in Cuba and the Americas, |
| 1:22.7 | and not to leave out the Lebanon ongoing operation by the IDF. |
| 1:29.8 | However, we return to how the money is going to behave in these next days. |
| 1:36.9 | The markets have been extremely cautious selling what they can and waiting for stability somewhere. |
| 1:38.9 | The price of all continues to go up. And who has to read this and tell us where we're going? |
| 1:43.7 | The Federal Reserve, especially the chairman. and I have this from Reuters. |
| 1:48.4 | Within these last hours, Fed Chair Jerome Powell said 15 times at his post-meeting press conference in March |
| 1:55.6 | that no one, including him and his colleagues, knows what the economic effects of the war will be. |
| 2:01.5 | So it's impossible to say right now what the appropriate policy response is. |
| 2:06.8 | Joe, a very good evening to you. |
| 2:08.5 | This particular 15 times made me connect immediately to the column you have posted at the Wall Street Journal. |
| 2:16.8 | You endeavor to convince Mr. Powell |
| 2:20.0 | that he talks too much. Is 15 times too much or not enough? Good evening to you, Joe. |
| 2:25.3 | Hey, John. I mean, what we're talking about here is that the regularly scheduled policy meeting, |
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