Rate Cuts Can’t Stop the Coming Recession: The Fed’s Mistake Explained - Steve Hanke

Michelle Makori, Lead Anchor at Kitco News, interviews Steve Hanke, Professor of Applied Economics at Johns Hopkins University, about the Federal Reserve’s recent 50 basis point rate cut, the first since 2020. Hanke criticizes the Fed for ignoring key metrics like the M2 money supply and highlights contradictions between its rate cuts and balance sheet shrinking. He warns of an impending recession in late 2023 or early 2024 and discusses the Fed’s potential return to quantitative easing, with insights on how this will impact U.S. equities, gold, and other commodities.

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#Fed #recession #economy

00:00 Coming Up
01:15 Introduction: The Fed
03:06 Analysis of the Fed's Rate Cut
06:09 Monetary Policy and Money Supply
08:11 Economic Outlook
10:36 Impact of Money Supply on Inflation Explained
17:21 Central Bank Policies
31:58 Fed's Actions
33:26 Economic Slowdown
34:59 Housing Market Trends
37:52 Equity Markets
39:56 Commodities & China
41:18 Gold Market Dynamics
43:58 Geopolitical Tensions and Market Implications
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