Darian Woods

And when we're talking about the Fed pushing past its previous boundaries, it seems to me there are two key dates with two key sets of policies that forever changed what the Fed was capable of. So tell me about that first Fed bundle of programs in late March of 2020.

And when we're talking about the Fed pushing past its previous boundaries, it seems to me there are two key dates with two key sets of policies that forever changed what the Fed was capable of. So tell me about that first Fed bundle of programs in late March of 2020.

So not just the big multinational companies, but I guess aimed at midsize or even small businesses. Yeah.

So not just the big multinational companies, but I guess aimed at midsize or even small businesses. Yeah.

So not just the big multinational companies, but I guess aimed at midsize or even small businesses. Yeah.

Jerome Powell appears on TV pretty soon after.

Jerome Powell appears on TV pretty soon after.

Jerome Powell appears on TV pretty soon after.

He's on the Today Show to explain this package. Is that unusual for a Fed chair?

He's on the Today Show to explain this package. Is that unusual for a Fed chair?

He's on the Today Show to explain this package. Is that unusual for a Fed chair?

We certainly are. And then it seems like that had an effect. It calmed the markets, but even that huge response didn't totally resolve all the jitters. So let's go through that second big fire hose in early April 2020.

We certainly are. And then it seems like that had an effect. It calmed the markets, but even that huge response didn't totally resolve all the jitters. So let's go through that second big fire hose in early April 2020.

We certainly are. And then it seems like that had an effect. It calmed the markets, but even that huge response didn't totally resolve all the jitters. So let's go through that second big fire hose in early April 2020.

And so that day, Jerome Powell crosses another one of his kind of personal lines. He seems like he's kind of recommending things for the politicians to do.

And so that day, Jerome Powell crosses another one of his kind of personal lines. He seems like he's kind of recommending things for the politicians to do.

And so that day, Jerome Powell crosses another one of his kind of personal lines. He seems like he's kind of recommending things for the politicians to do.

The Fed does in general try to stay in its lane or at least operate under the powers given to it by the Federal Reserve Act. But it is enormously powerful and has been lending to all kinds of areas of the economy. And in doing so, it was kind of picking winners and losers. That is not apolitical. So now it finds itself firmly in political crosshairs.

The Fed does in general try to stay in its lane or at least operate under the powers given to it by the Federal Reserve Act. But it is enormously powerful and has been lending to all kinds of areas of the economy. And in doing so, it was kind of picking winners and losers. That is not apolitical. So now it finds itself firmly in political crosshairs.

The Fed does in general try to stay in its lane or at least operate under the powers given to it by the Federal Reserve Act. But it is enormously powerful and has been lending to all kinds of areas of the economy. And in doing so, it was kind of picking winners and losers. That is not apolitical. So now it finds itself firmly in political crosshairs.