Batman Powell and the Fed need to take a step back and look at the big picture. The idea that the Fed can hit their target of 2% inflation without causing a train wreck is fantasy. The Fed can't go into superhero mode every time the Bat Signal goes up. They've already broken a few banks and if they keep heading down this path will break something bigger. Here's what's coming next.
00:00 Introduction
00:23 I can't get no respect
00:54 Maybe it's the institution
01:24 We need Superheroes
01:55 Volker and Bernanke
02:59 Debt Ceiling
03:28 $620 Billion
03:56 Bank Crisis
05:16 Batman Powell
05:51 Fed can't so this on their own
06:08 A little inflation can help
06:43 China factor
08:09 Jay needs an oncologist