"I think the Fed is trying to desperately avoid a 1937 remake…Think Powell understood that maybe that was more than the economy could take…swinging the pendulum so far back, saying 'We were wrong.'"
DiMartino Booth on CNBC Markets Now – t.co/3azx2KrBZ3
— Danielle DiMartino (@DiMartinoBooth) March 25, 2019
This is an open letter to Jerome Powell and the Fed. In your March 8 speech on Normalization and the Road Ahead, you spoke of diversity, zero-bound interest rate problem, and the Fed’s path to normalization.