Is the “Fed put” dead? What else can the Federal Reserve do to restrain inflation? How might the Eccles Building respond to a global recession? A former senior trader on the New York Fed’s Open Market Trading Desk, Joseph Wang has a privileged view on the Federal Reserve’s inner workings. In a wide-ranging conversation with Real Vision’s Weston Nakamura, Wang shares his insight into the Fed’s decision-making process, explains how the institution might interpret the recent inversion of the yield curve, and offers his take on the politicization of the U.S. central bank. He also delves into a potentially restructured world economic order. “Things are changing very rapidly,” Wang says. "We might be in a regime change in terms of inflation dynamics." Recorded on April 6, 2022.