Brian Cheung
speaker
232 appearances
3 recordings
1 series
first heard Jun 2026
last heard 9 Sep
Brian Cheung’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 1.
Appearances
And that makes it more remarkable that it was the same person helming the central bank, steering interest rates, steering monetary policy.
And I think that he's well-revered.
Alan Greenspan engineered what they called the soft landing.
There was a period in 1994, 1995, where inflation was nudging up and the Fed was like, hey, before this becomes an issue, let's raise interest rates.
And it was very controversial.
People were saying you're stamping down on economic activity when the data hasn't really even shown it's out of control yet.
But that had the ability and allowed the Fed to steer clear of a recession and continue that economic expansion.
So you hear soft landing mentioned all the time.
And it was a playbook that Jay Powell tried to follow after COVID.
Didn't work to the same degree.
The dynamics were different, but it's just part of his legacy that he left at the central bank.
You think about the subprime mortgage bubble.
Yeah.
And when you think about what potentially led to that, low interest rates and the kind of willy-nilly standards by which banks were underwriting these mortgages and then packaging them up into these –
Really complicated.
Yeah.
Well, I mean, that's exactly it because the Federal Reserve, we talk all the time about interest rates and is it going to go up?
Is it going to go down?
But another very important function of the Fed that's super boring but very significant is financial regulation.
They are the cop on Wall Street that's supposed to stop banks from doing bad things like taking bad mortgages, packaging them into something else, and then saying that it's golden.
Showing 201–220 of 232 · page 11 of 12
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