Art Laffer and Scott Minerd react to the Federal Reserve raising the fund rate by 25 basis points on ‘Kudlow.’ #FoxBusiness #Kudlow
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What about Congress spending spending spending ? Stop printing worthless paper money…….don’t raise interest rates very hard…what say you Lare?
What the panel describes did work and will work again.
Artificially low interest rates only encourage more debt. The true cost of money or lending at a rate that is profitable and sustainable makes the economy stronger long term.
WOW
Ty
Party ! Forget inflation rules ! Mr. Powell is damned if he does and damned if he doesn't. The future for kids and grandkids ? They'll all be millionaires and HAVE t'be.
Anybody who thinks the economy is doing "so well" lets revisit interest rates like 5-7% and then we'll see how it goes (what goes up Will come down)
Fed just wants to see what will happen…they don't have clue.
Guys things aren't going to get better there's no going back after the Biden administration has done its damage
Thank you Larry
Art do u think trump's tax cuts and stimulus checks added to the money supply to create inflation?
The Democrats are hurting the low and the middle class people the stupid President and the Democrats do not give a dam you jackas you are going to hell
Is Laffer the guy who came up with the "Laffer curve"? Excuse my ignorance.
Regarding the expansion of the money supply- do you guys think this is ignorance, incompetence, or by design? I used to be one to say that 'they' just see things differently, but now, I'm not as sure as I used to be.
with an interest of 3 per cent for treasuries, one third of the government budget would be burnt of interest payments. That's a big problem.
It is simple monetizing the deficit devalues the dollar. Just wait till the elections the Democrats will again bribe the voters with public funds.
Any of you ever heard of MARTIN ARMSTON? OF COURSE YOU HAVE
Right on it's a said case like you say interest schould be 9 percent but wait for real shocker when china takes more of the money supply like Saudis and Russia
Ok, we have to be honest here. Now the talk is correct but when Larry was in office he was part of the problem printing a ton of money with the FED and inflation has an 18-month lag so we are experiencing the Trump era inflation right now. Just the beginning of it. Bidens will appear right during his election term and it's going to be worse. This is irritating as Larry kudlow was part of the problem! They wanted to push rates lower! None of these guys want the party to end on their watch until its someone else.
This Fraudulent Administration is Set on Distroying America with Impunity.
I’m glad these fellas aren’t running things
Every Democrat is voting for these bills. SO EVERY DEMOCRAT IS DESTROYING AMERICA. VOTE 'EM OUT
Banks interest rates in Canada are 5%… Logic for USA economics baffles curiosity.
IS it ignorance or manipulation ? someone or group are pulling the string, there's not one person in this administration competent for their office. from the top down .
Ladder is far better at economics than anyone in the government.
At what point do we have a discussion about whether or not Keynesian economics actually works?
Volcker destroyed my business.
Gonna be a Hot Summer 🙄
BTW
What happens when poorest countries don't get 🌾 shipments this fall🤪
Kricky kud…
Your not blaming bidden for the upcoming recession?
Finally putting the blame on the root of the problem.
The Creature from Jekyll Island lives well deep in the bowels of congress there she has an insatiable appetite that must be FED.
at 6:33 “eventually something will give”. absolutely right. most likely a crisis in the dollar. If Saudis start pricing oil sales in the Yuan, it’s the start of that crisis. Could lead to hyperinflation if the crisis is severe. right now, the dollar as reserve currency status is what is holding up the house of cards.
Inflation is at least 15% annualized, if you look at actual rents instead of their bogus “owner’s . rent”. Interest rates have to exceed that rate of inflation to stop inflation—it is that simple. a 15-20% interest rate will cause a major recession, but that’s long overdue given the inflated bubble economy. Moreover, interest rates even above 7% will make Federal spending unaffordable because the interest will be unaffordable. The Fed has painted itself into a corner—inflation has won and is just getting started. Stop printing effing money and spending what you don’t have, and let the market set interest rates.
I just can wait to see people getting 15% 30 year mortgages again…
To the Biden Crime-ministration & the Green-Marxist Left, destroying the traditional American middle class is job #1.
WE don’t understand it, but to them, all is going according to plan.
Now you can hit but after 3months you must be understand i was right
After war going double
Take time but must be clear everything
Powell is waiting until after the election before he gets serious about inflation (if possible).
AGAIN AND AGAIN THE FED HAS TOTALLY LOST ITS CREDIBILITY AND INDEED IT CANNOT DO ANYTHING AGAINST THE STAGFLATION BUT GETTING ENTRENCHED IT IN THE ECONOMY DEEPER AND DEEPER DUE TO EMPLOYMENT RATE$ WITH WAGE GROWTH!!!!!!! MEANS MORE AND MORE AGGREGATE DEMAND IS GOING TO EXPAND FURTHER AND FURTHER IN OTHER WORDS MORE AND MORE +7%- +8% INFLATION GOING ON AND ON INTO 2023-2024!!!!!!!! AGAIN WHAT ELSE CAN YOU HEDGE AGAINST THE HUGE STAGFLATION EXCEPT GOLD + OIL!!!!!:)