1861: The Fed Guy Joseph Wang: Mortgage Rates Will Go Even Higher! Part 1

Jason Hartman invites Joseph Wang aka The Fed Guy, to the show today. Who better to talk about the inner workings of the Federal Reserve than somewhere who actually worked there! Joseph Wang is a former senior trader on the open markets desk at the Federal Reserve and the author of Central Banking 101.

Jason and Joseph tackle the biggest question on everyone’s mind: will mortgage rates go higher? How much higher can they go? Why did the Fed wait so long to start quantitative tightening and raise rates? Why didn’t they do it more gradually?


Key Takeaways:

1:25 Working at the world's biggest investor

3:21 Us versus the G7

8:47 Increasing renter population

20:48 Welcome to The Creating Wealth Show, today’s guest: Joseph Wang, aka The Fed Guy

24:53 What is it like to work at the Federal Reserve?

26:05 Fiction allows you to say things without being censored

29:42 G7 leaders want to destroy the value of your currency through inflation

31:01 Mortgage rates are higher but you’re still getting paid to borrow

35:39 Mortgage rates are still below inflation

36:54 Bidding wars in the rental market








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