Yale's Shiller Says Markets Overreacted to Fed's Powell

The transcript discusses the market's reaction to statements made by Jay Powell of the Federal Reserve. It highlights Powell's cautious and reasonable approach to market adjustments, noting that recent changes were minor and expected. The conversation also touches on the Fed's shift from an 'autopilot' approach regarding the balance sheet and liquidity. Finally, it addresses concerns about a potential crisis, drawing parallels to the financial crisis from a decade ago.

What was the general sentiment regarding the Federal Reserve's responsiveness to the markets as discussed in the text?

How did the recent adjustments made by the Federal Reserve align with market expectations?

What change in perspective did Professor Shiller express regarding the balance sheet and money supply?

In what way did the speaker suggest that the Federal Reserve's approach might be evolving?

What historical context did the discussion evoke regarding the financial crisis?