🔒The Federal Reserve has decided to keep interest rates unchanged.
📉The Fed is reducing their Securities Holdings.
🌪️The speaker predicts a recession due to the contraction of the money supply and tightening Bank regulations.
🚫The Fed's focus on interest rates ignores the importance of the money supply.
💰The speaker criticizes the Fed's ignorance of the quantity theory of money.
What is the Fed's plan regarding interest rates?
—The Federal Reserve has decided to keep interest rates unchanged.
What is the Fed doing with their Securities Holdings?
—The Fed is reducing their Securities Holdings.
What does the speaker predict regarding the economy?
—The speaker predicts a recession due to the contraction of the money supply and tightening Bank regulations.
Why does the speaker criticize the Fed?
—The speaker criticizes the Fed's ignorance of the quantity theory of money.
Why does the speaker think the Fed's focus on interest rates is misguided?
—The speaker believes that the Fed is ignoring the importance of the money supply.
00:00The Federal Reserve has decided to keep interest rates unchanged and continue reducing their Securities Holdings.
00:35The speaker predicts a recession due to the contraction of the money supply and tightening Bank regulations.
01:32The Federal Reserve's focus on interest rates ignores the importance of the money supply.
