MI232: Understanding Quantitative Easing w/ Alfonso Peccatiello

<p><strong>IN THIS EPISODE, YOU’LL LEARN:&nbsp;</strong>&nbsp;</p><ul><li>01:30 - What conventional monetary policy is and what are the main tools the Fed uses to achieve its two part mandate.&nbsp;</li><li>01:30 - What unconventional monetary policy is and why central banks use these tools.&nbsp;</li><li>09:26 - What is quantitative easing (QE) and how it works.&nbsp;</li><li>14:41 - How the use of QE leads to artificially inflated asset prices.&nbsp;</li><li>19:30 - How does the Fed’s quantitative tightening impact mortgage rates?&nbsp;</li><li>41:11 - What will happen to stock prices as the Fed unwinds its balance sheet?&nbsp;</li><li>54:11 - Why UK pension funds started to default and could this happen in the US?&nbsp;</li><li>01:00:02 - What is driving the recent strength in the dollar?</li><li>01:03:43 - What would cause the Fed to pivot from tightening to QE again?&nbsp;</li><li>01:05:47 - How a strong dollar impacts corporate earnings and profits.&nbsp;</li><li>And much, much more!</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out Alfonso's financial writings:<strong> </strong><a href="https://themacrocompass.substack.com/" rel="noopener noreferrer" target="_blank"><strong>The Macro Compass.</strong></a><strong>&nbsp;</strong></li><li>Related Episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/central-banking-101/" rel="noopener noreferrer" target="_blank"><strong>Central Banking 101 w/ Joseph Wang - MI190</strong></a>.</li></ul><p><br></p><p><strong>NEW TO THE SHOW?</strong></p><ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/mi-starter-packs/" rel="noopener noreferrer" target="_blank"><strong>Millennial Investing Starter Packs</strong></a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/millennial-investing/" rel="noopener noreferrer"