TrendMacro Chief Investment Officer Don Luskin discusses whether inflation or affordability is the bigger issue for consumers on ‘Making Money.’ #foxbusiness #makingmoney

Subscribe to Fox Business!
Watch more Fox Business Video:
Watch Fox Business Network Live:

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York – the business capital of the world – FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Follow Fox Business on Facebook:
Follow Fox Business on Twitter:
Follow Fox Business on Instagram: …(read more)

LEARN ABOUT: Investing During Inflation

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

In a recent article titled “POWELL IS WRONG,” prominent economist John Smith argues that the US economy isn’t as sick as Federal Reserve Chairman Jerome Powell believes. Smith, who is known for his contrarian views on the economy, believes that the Fed’s assessment of the current economic conditions is overly pessimistic and that the central bank’s policy decisions are misguided.

In his article, Smith points to a number of indicators that he believes paint a more positive picture of the US economy. For example, he notes that unemployment is at historic lows, consumer confidence remains strong, and GDP growth has been steady. Smith argues that these factors suggest that the US economy is still in good shape and that fears of a looming recession are overblown.

Furthermore, Smith criticizes the Fed for its recent decision to cut interest rates, arguing that this move was unnecessary and could potentially do more harm than good. He believes that lowering interest rates could lead to inflationary pressures and asset bubbles, which could ultimately derail the economy.

Smith also takes issue with the Fed’s concerns about global economic risks, such as the ongoing trade war with China. He believes that the US economy is resilient enough to weather these challenges and that the Fed should focus on domestic factors rather than external threats.

Overall, Smith’s article challenges the prevailing narrative of a struggling US economy and calls into question the Fed’s approach to monetary policy. While his views are certainly controversial, they highlight the ongoing debate among economists about the state of the US economy and the best course of action for policymakers. Regardless of where one stands on these issues, it is clear that the debate is far from over.