General Sessions and Keynotes

1 CE

The Most Aggressive Fed in History

8:00 am - 9:15 am, Tuesday, Apr 09, 2024

If there was uncertainty before, it’s been replaced by proof that the Federal Reserve was too low for too long. The pace with which it had to reverse policy last year has now come home to roost in the shape of a banking crisis that brought the second and third largest bank failures in U.S. history. Banks are still under pressure and U.S. households are now buckling under the strains of increased borrowing costs with no fresh stimulus assured until the spring of 2025 at the earliest. What’s to come is even less certain. Unemployment claims are rising nationwide as companies switch from labor hoarding to cost cutting against a backdrop of high-funding costs. And we are only just now seeing the fallout from the Fed’s “Higher for Longer” campaign. The so-called “lagged effects” have thus far manifested in the worst bankruptcy cycle since the Great Financial Crisis. Will Jerome Powell give in as was the case with his three predecessors? That’s certainly the hottest question inside and outside the Beltway.

Danielle DiMartino Booth

CEO and Chief Strategist, QI Research