Fed's Policy Approach Is 'Formula for Disaster': Minerd

The transcript discusses the economic implications of the pandemic, focusing on interest rates and market equilibrium. It critiques the Federal Reserve's strategy of reducing the balance sheet and raising rates, suggesting it could lead to economic disaster. The conversation highlights the lack of a theoretical framework and debates whether markets should dictate interest rates. The conclusion warns of potential negative outcomes if current policies continue.

What is the speaker's perspective on the role of Washington in determining interest rates?

What does the speaker suggest is the formula for disaster in economic policy?