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.
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Don’t miss Wealthion’s LIVE coverage of the Fed with Vincent Deluard and Maggie Lake! Tomorrow, September 18, at 2 pm ET.
Chapters:
00:51 - Federal Budget Concerns
03:11 - Economic Reality vs. Official Data For The Average American
05:45 - U.S. Credit Card Debt: A Hidden Crisis
08:43 - Will Fed Rate Cuts Help or Hurt?
18:08 - Fed vs. Treasury: A Policy Clash
23:02 - EJ’s Fed Policy Outlook
26:14 - The Real Employment Situation
32:33 - How to Tackle Inflation
46:15 - Energy Policy: Key to Recovery?
48:49 - Why Good Policies Aren’t Adopted
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