Latest / Eurodollar University
The last time Congress did something big about the Fed.
As the Great Inflation wore on into its second decade, even politicians in Congress knew it had something to do with failure at the Fed. Demanding answers, a series of reform laws were passed including the one which commands Jay Powell's presence today. Why all this happened is as important and relevant to today as anytime in between.
Eurodollar University's Money & Macro Analysis
FOMC Meeting October 1978
https://www.federalreserve.gov/monetarypolicy/files/FOMC19781017meeting.pdf
FOMC Meeting December 1978
https://www.federalreserve.gov/monetarypolicy/files/FOMC19781219meeting.pdf
FOMC…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.