Independent Institute senior fellow Judy Shelton dissects Fed Chair Powell’s efforts to combat inflation on ‘Kudlow.’
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No pausing or backtracking right now – raise rates until buying power actually breaks buyers if you genuinely want to make a difference instead of dangling carrots, normalizing high rates without giving them impact.
Truth do the right thing
We are nowhere near 2%. Shes talking about the rich. Not ordinary people buying eggs
Powell has fallen asleep at the switch multiple times. He left the rate way too low for way too long. And subsequently failed to predict how knee-jerking the rate up would affect American banks. Powell should resign.
Fire, arrest and disappear Powell
Solve all the problems impeach Biden
Trump and Larry Kudlow appointed the Fed Chair Jerome Powell in 2018. He has been a disaster. Why didn't Powell raise interest rates in 2018 & '19 with Trump's reckless spending and tax cuts for the rich? That is what caused the inflation we have today! And now Powells reckless interest rate hikes have caused these problems with our banks. Powell is falling apart! And Trump, Kudlow and the extremist Republican party are to blame for ALL of this! They appointed this fool!
If the fed pauses next week the markets are going to crash. Everyone will know that our banking system is in trouble and then you will see a run on the banks from large depositors.
I think they should raise 75bps and knock out inflation immediately.
This is what separates the men from the boys. I’m betting boy!
He's had his "moment". Let's try something better. Obviously this isn't working.
Interesting how Powell's game plan isn't working but on the other hand if FDIC doesn't cover the uninsured (which is Green business fails) then the whole pool of imaginary $$$ evaporates & with it inflation Believe Me
Fed is a joke………………………..End the Fed
If rates to get 11% to get inflation to 2%, you don't have a functioning economy. Powell as limitless resources to fight inflation and he still got it completely wrong. He and Yellen need to go.
ray eps
The "inflationary psychology" has not yet been broken…(along with the size of the Fed's balance sheet) and will probably NOT be broken until their is a change in the POTUS Admin.
I'll bet anything he cowers n puts his full blown teddy bear self on display
Raise rates to stop inflation but banks might collapse. This is idiocy caused by Yellen printing $4 trillion and congress spending money we don't have.
The damage came from the government response to the pandemic – the lockdowns crushed conventional demand (online did well) – the government printed money and sent it out to the public – they also sent money to businesses. The M2 money supply went vertical and remains high. Now the Fed has raised rates much too sharply which didn't give banks and others the chance to rebalance. The inflation was a natural outcome from the free money – lower demand situation.
This "scholar" is pro-big government. The gold standard kept government growth in check, and so did MARKET interest rates.
The market is signaling that ESG is EXPENSIVE which is why the cost of everything is going up; now, if prices are going up and government money is getting cheaper to acquire, you're incentivizing more government spending, and government spending competes with the private sector for the exact same money.
Give most people a choice between a private sector contract and a government contract; most will take the government contract.
In fact, one of the major problems with ESG is that the government will only issue contracts to ESG-friendly entities. Government can also withdraw these ESG contracts if you're not WOKE enough, so these ESG-friendly companies with government contracts will do and say anything to be in the government's good graces.
If Powell wants to leave a legacy he'll AGRESSIVELY raise rates.
" I think he should pause". That's all you need to hear to realize that this lady is a moron. Even with the rate hikes, the inflation rate has NOT BUDGED! You ignorant braindead clown. If he wasn't being aggressive, inflation would be 12-15%. Hurting the supply side is exactly the point. Why would anyone have this fool on? She's economically illiterate.
We just need to do what the Icelanders did after 2008.
This lady knows what she is talking about. She is one of the few who nailed this topic today. Either the fed need ti follow the Taylor rule and create positive real rates to incentivize savings or it needs to stop raising rates. Raising rates but not creating positive rates only adds to businesses and households fiscal troubles by increasing one of their largest cost centers. Debt payments increasing will translate ti higher prices so business can afford ti maintain operations.
In other words raising rates actually creates price inflation until surpasses positive real rates to incentivize savings.
They have a mandate and need to keep raising!!!
Why is it bad that you are a saver that prefers a risk less investment like keeping money in CDs or a money market account? I was taught this by my grandmother that never played the stock market except my grandfather's stock that was gifted him by GM. She retired a very wealthy woman by being cautious with her investment money.
FU democrats economy
So much talking and so little common sense.
The Democrazies really don't care if any of their programs work as long as they appear to be doing something.
The Fed will acknowledge that they were late to the game, that inflation has been more persistent than they were expecting. So they probably should have tightened sooner, Some analysts believe that the larger banks are resilient and are more worried about the smaller and mid-sized banks. Well, I'm still at a crossroads deciding if to liquidate my $138k stock portfolio, what’s the best way to take advantage of this bear market?
0 next week? hahaha. Get this woman away from any policy making
Yeh lets pause and make the same mistake as the 70s you ditz
What's bad in inflation? 😅 Fed lives in some pink world with unicorns 😅
Judy Shelton great guest, Yellen's lips moving she is lying
Beeee careful… the BidenFed can change "reserve" policy. Never underestimate the power of a bureaucrat who wants to keep his job… KDM
Listen to this female? Most of people who want low interest rate are the rich people and fake investors or people who work for fox tv they are addicted to free/ easy money and also these people they invested heavily in stock market . I hope fed will do .50 points
One central planner making misstakes to "fix" misstakes some other central planner made… Big government big problems.
Weak sauce
She is so on point, the FED cannot telegraph or show their hand. That instills the reckless gamble further. Keep the degenerates guessing.
Criminales
REMOVE POWELL & SAVE USA
Your record unemployment is a lie too. No way all these jobs where created. Just people loosing covid cash and going back 2 work.
Another crook. Him and yellen are married. It's a secret.
Powell is another "beauty" such as the Bubble man Alan Greenspan, Ben Bernanke and Jen Yellen. Those folks ruined the economy big time.
The fed printing money led to inflation.
Inflation led to the fed increasing rates.
Higher rates led to lower bond prices
Lower bond prices led to bank losses
Bank losses led to bank collapse
Bank collapse led to fed bail outs
Fed bail outs led to printing more money
Back to step 1
Is there a specific reason for a rigid 25 basis point? Doing that 4 times gives a solid 1%.
She is basically reiterating a broken Paradigm that needs to be removed.
When are those CDSs gonna insure & cover those obligations & 'securities' so highly rated, inspected, & approved by supposed 'oversight' (more involved with grift & graft promote indulge bipoc bias discrimination prejudice racism along with abomination & perversion via ESG DEI along ClimateCon CoronaCon among other malfeasance, violations, & conniving parasitic exploitation ad nauseum …)? Fiat was flushed to somebody, didn't merely crash, disappear, or lost.
Inflation and to much money in the economy is hurting the rich elites, it's a good thing to see .
Wake ⏰️ up