Does the Fed Still Matter? Jackson Hole, FOMC & the New Macro Regime

The Fed used to be the market. But is that era over?

In this deep macro segment from Token Narratives Ep. 66, @_dsencil and @graminitha1 explore whether the FOMC still has real power — or if post-COVID direct fiscal spending has made central banks mostly irrelevant.

💬 Topics covered:
– Fed influence from 2008 to 2020
– Why COVID changed the game permanently
– Jackson Hole’s real long-term importance
– Reflexive market behavior vs real economic levers
– Interest rates vs tariffs, mandates, and fiscal control
– Is the Fed just part of a Keynesian beauty contest now?

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