Michael Pento: Fed Turns the Liquidity Taps Back On and Cuts Rates Despite Soaring Markets

The Competent Investor · Dec 11, 2025 · 32m

Tom welcomes Michael Pento to the show, following the FOMC meeting on November 10th. Michael shares his views on the Federal Reserve’s decisions and the broader economic landscape. Pento criticizes the Fed’s move to cut rates by 25 basis points and initiate $40 billion in U.S. Treasury purchases, arguing that these actions are unjustified given the current economic conditions, which include record-high asset bubbles and a prolonged miss of the inflation target. He characterizes the Fed’s actions as “monetary malfeasance” and expresses concern about the long-term impacts on the middle class…