Recession Is Next & Rate Cuts Won’t Help, Here’s Why the Fed Has It All Wrong – Steve Hanke September 21, 2024 Unipro2013main US Economy, World Economy </p> <h2>Here’s Why the Fed Has It All Wrong – Steve Hanke</h2> <p> Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Steve Hanke, Professor of Applied Economics at Johns Hopkins University. Hanke weighs in on the Federal Reserve’s aggressive move to lower its benchmark rate by 50 basis points – the first cut since 2020. Hanke criticizes the Fed, stating that the U.S. central bank is flying blind by ignoring the M2 money supply metric. He sees the Fed’s continued shrinking of the balance sheet as a contradiction to its oversized rate cut. Hanke warns that the U.S. economy will enter a recession later this year or at the start of next year. He also projects the timing when the Fed will kick off its quantitative easing cycle and breaks down what it will mean for the U.S. equity market and commodities, including gold.</p> <p>This video is brought to you by *Goldback* — Inflation-resistant, 24K gold currency.<br /> _Protect your purchasing power, grow your wealth annually, and spend at over 2,000 businesses._<br /> Learn where to get Goldbacks at *https://www.goldback.com/*</p> <p>Follow Michelle Makori on X: @MichelleMakori (https://twitter.com/michellemakori)<br /> Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)<br /> Follow Steve Hanke on X: @steve_hanke (https://x.com/steve_hanke)</p> <p>#Fed #recession #economy</p> <p>00:00 Coming Up<br /> 01:15 Introduction: The Fed<br /> 03:06 Analysis of the Fed’s Rate Cut<br /> 06:09 Monetary Policy and Money Supply<br /> 08:11 Economic Outlook<br /> 10:36 Impact of Money Supply on Inflation Explained<br /> 17:21 Central Bank Policies<br /> 31:58 Fed’s Actions<br /> 33:26 Economic Slowdown<br /> 34:59 Housing Market Trends<br /> 37:52 Equity Markets<br /> 39:56 Commodities & China<br /> 41:18 Gold Market Dynamics<br /> 43:58 Geopolitical Tensions and Market Implications<br /> __________________________________________________________________<br /> Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.<br /> Credit to : Kitco NEWS</p> <p> Please support our Sponsors here :
