My guest today is Andrew Huszar, a Senior Fellow at Rutgers Business School and also a former Morgan Stanley managing director. In 2009, he managed the Federal Reserve's 1.25 trillion dollar mortgage-backed security purchase program.

The topic is the direction of the Federal Reserve.

In this episode of Trend Following Radio we discuss:

Looking at the short term
Black swans
Huszar's history and how he came to work for the Federal Reserve
The changing of the banking model in the US from the 1980's to the late 2000's
Quantitative easing
Why Huszar ultimately left the Fed at the beginning of 2011
How the Fed has become over five times bigger in recent history
The current source of Wall Street money
The idea of an overly financialized US economy
The need for long-term structural changes in the US

Jump in!

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

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Hope you enjoy my never-ending podcast conversation!

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