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If Investors Almost Never Know, Why Would Fed Officials Ever Know?

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If Investors Almost Never Know, Why Would Fed Officials Ever Know?
Then-Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Mass., on March 1, 2017. Brian Snyder/Reuters
John Tamny
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Commentary

On April 13, CNN’s business site blasted out the headline “banking is sound.” Who uttered those words? No less than Lael Brainard, former vice chair of the Federal Reserve and presently director of President Biden’s National Economic Council (NEC). CNN flattered Brainard. Really, what else was she going to say?

John Tamny
John Tamny
Author
John Tamny is editor of RealClearMarkets, vice president at FreedomWorks, a senior fellow at the Market Institute, and a senior economic adviser to Applied Finance Advisors (AppliedFinance.com). Among his books are “The Money Confusion: How Illiteracy About Currencies and Inflation Sets the Stage For the Crypto Revolution,” “When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason,” “They're Both Wrong: A Policy Guide for America's Frustrated Independent Thinkers,” “The End of Work,” and “Who Needs the Fed?”
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