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 this week, highlighting the urgent need for fiscal restraint and coordinated reform to align monetary and fiscal policy and prevent a profound economic crisis.Video Length: 00:51:58More By This Author:Markets Are In A Bubble And Will Deflate 50% In Real TermsGold: The Ultimate Hedge Against Soaring U.S. DebtMarket Shock Incoming? Powell’s Fed Rate Impact
Why Rate Cuts Won’t Work: The Fed And U.S. Fiscal Crisis
