The David Lin Report · Thursday, September 3, 2026
David Rosenberg observes a historical pattern where new Federal Reserve chairs often face a financial or economic crisis early in their tenure. He draws parallels to past Fed leaders and suggests that current Fed Chair Kevin Morse might be following a similar script by emphasizing inflation credentials.
“Uh, and maybe we're just continuing on that script.”
“I find that if you go all the way back to Miller in the late 1970s, including him, every newbie, every rookie central bank chairman raises rates at their first meeting, they made a rate hike, their first move.”
“A rookie Fed chairperson faces either financial or economic crisis, very shortly after they take office.”