103: Fed Deep Dive Pt. 5: The Calm Before the Crisis

Yes, we’re back down “The Fed” rabbit hole, err um, history lesson that we can learn from as self-directed investors. Okay, so this one surprised me. There was actually a time when the U.S. economy was… chill? From the mid-’80s to the mid-2000s, inflation stayed low, growth was steady, and recessions barely made a dent. Jess Inskip calls it The Great Moderation — basically the Fed’s calm era, when they learned that communication and credibility could stabilize the economy just as much as inte...