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Why Rate Cuts Won’t Work: EJ Antoni on The Fed & U.S. Fiscal Crisis
E.J. Antoni, PhD, Economist and Research Fellow at the Heritage Foundation, explains why the Fed’s plan to cut interest rates won’t solve deeper economic problems—such as runaway government borrowing and record deficits—that threaten American financial stability. He uncovers how the Fed is at loggerheads with the US Treasury, creating a dangerous conflict between monetary and fiscal policy that exacerbates inflation, unemployment, and high credit costs, impacting American households. E.J. joins Wealthion’s Andrew Brill as part of our special coverage of the Fed’s Federal Open Market Committee…
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