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The Incoming Recession Is A 2023 Story | David Rosenberg

Inflection Point

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The Importance of Economists in the Fed

When Jay Powell got appointed and then confirmed as Fed Chairman in early 2018, everybody was saying to me back then, thank God we got an economist out there. They've only screwed things up. Get the economists out of there. And so to which I said, well, is having a lawyer heading up the Fed any better? So you know, it's just the old joke about what do you call an economist and a lawyer at the bottom of the ocean? And the answer is a good start. Good start.

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