DiMartino Booth on CNBC Markets: “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.'”

Hello Jerome Powell, We Have Questions

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.