In the first episode of The MOST Important Thing, I sit down with Dr. David Kelly, Chief Global Strategist at J.P. Morgan, to tackle the force investors believe moves everything: central banks. Rate decisions, inflation targets, liquidity waves — when they speak, markets react.
But here’s the twist: what if central banks aren’t nearly as powerful as we think? Dr. Kelly breaks down the real limits of monetary policy, the structural forces policymakers can’t control, and why markets may be giving them too much credit — and too much blame.
If you want to understand what’s truly driving the global economy right now, this conversation reframes the narrative.
Feb 17 20261 hr