Forward Guidance · Friday, August 7, 2026
The speaker suggests that government entities are actively working to suppress market volatility, shifting from the Federal Reserve to the Treasury. This policy is seen as a way to manage economic growth and potentially benefit the middle and lower classes by directing growth towards specific sectors, similar to China's approach with the Chips Act.
“And, uh, so incredible about, uh, these moments is they do it almost perfectly. And we found out after the fact that Warsh and Bessen and Trump talked all the time.”
“I just think we crossed some Rubicon of volatility controlling where it moved from the Fed to the treasury.”
“I think taking out the forward guidance from all and now moving to like, how does this affect our allied partners in the larger game? That's, I think it's a healthy thing. Although, we might be moving into a world where, uh, you know, it's more directed growth.”