Steve Forbes warns that Federal Reserve actions are still putting the US economy at risk of recession.
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BREAKING: Recession News
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The global economy is facing an uncertain future as the dangerous threat of a recession continues to loom over it. Despite the Federal Reserve’s recent decision to pause rate hikes, economic expert Steve Forbes warns that this alone may not be enough to ward off a potential economic downturn.
The Federal Reserve plays a pivotal role in controlling the US economy through its monetary policy decisions, particularly interest rate changes. By lowering interest rates, the central bank aims to stimulate economic growth, while increasing rates aim to cool down an overheating economy. However, the current economic landscape is not that simple to navigate.
Forbes, a well-respected business magnate and chairman of Forbes Media, acknowledges that the Federal Reserve’s pause in interest rate hikes is a prudent move. It provides a much-needed breather for the economy and allows for a reassessment of the situation. Nevertheless, he cautions against complacency, emphasizing that the underlying risks and vulnerabilities remain.
One of the major concerns in the global economy is the escalating trade tensions between the United States and China. The ongoing trade war has caused disruptions to global supply chains, increased costs for businesses, and dampened consumer sentiment. Forbes believes that until a resolution is reached, the potential harm from this conflict will continue to threaten economic stability.
Additionally, the recent signs of slowing global growth raise red flags about the health of the worldwide economy. Countries like Germany, Japan, and even China have experienced a deceleration in economic output, leading to a ripple effect across various industries and markets. Forbes argues that a synchronized slowdown in these economies could amplify the impact and expose the vulnerabilities within the interconnected financial system.
Moreover, the heavily indebted corporate sector poses another risk to the economy. Forbes points out that many businesses have taken advantage of low interest rates to finance their expansion plans. However, an economic downturn coupled with higher borrowing costs could strain these companies, leading to mass layoffs and potential bankruptcies. Such a scenario could have a domino effect on the broader economy, exacerbating the recessionary pressures.
To mitigate these risks and safeguard against the looming recession, Forbes suggests a combination of policy measures. He believes that central banks should maintain a vigilant stance, ready to act promptly and decisively if economic conditions worsen. Governments, on the other hand, should focus on implementing structural reforms and reducing regulatory burdens to encourage business growth and investment.
In conclusion, despite the Federal Reserve’s pause in interest rate hikes, the danger of a recession hangs over the global economy. Steve Forbes warns that the risks, such as trade tensions, slowing growth, and corporate debt, remain prevalent. Both monetary and fiscal measures should be considered to navigate these turbulent times successfully. While the path forward may be challenging, a proactive and coordinated approach can help avert the dangerous threat of a looming recession.
Watched dangerous threats of recession still looms despite Federal reserve pausing rate hike: Steve Forbe,—-the wealthiest arrogance self-claims first hand in economy, in fact they’re a pile of garbage, they blame the Medicare, Medicaid, social security was federal debt burdens, Trump’s 4 years in office destroyed Medicare, Medicaid, social security added up nearly $ 8 trillion federal debt, the public opinion reflect Medicare, Medicaid, social security was humanitarian its help draw closer poor rich gap & looping economic added up employment, it belong to business rather than burdened,
Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be — and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
Steve, you are a genius I love listening to you
Idiots sell u r position or cry later. Crash soon.
We've been in a recession for two years no matter how many times we move the definition goalpost.
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Thank you for the truth!
I like listening to someone who knows what he is talking about.
Spot on
We are in one.
Of coarse the “Federal Reserve,” since inception, 1913, has been a theft against humanity!!#Bitcoin
Of coarse we are already in a recession.
There is and there will be a worse recession, it coming as long as this idiot is running this country
My suggestion is to get rid of all the democrats and some republicans in Washington d c and the problem will end
Darn shame how bad it's gonna get because of the corrupt clowns, we seriously need to get our country back
Since 1933, the US economy has grown at an annual average rate of 4.6% under Democratic presidents and 2.4% under Republicans. GOP tax cuts for the wealthy have never boosted the US economy. Between 1953 and the present, 10 of 11 recessions began under Republican presidents. 8 of the top 10 states with the highest poverty rate? The Republican-led states of Arkansas, Mississippi, Louisiana, West Virginia, Alabama, Kentucky, South Carolina and Oklahoma.
Banks help. No one 1⃣!!!♤♤♤
Central Bank Digital Currency is a big NO!!!
It is well past time for Americans to end the federal reserve, they have not done their job of protecting American currency from inflation and therefore are incompetent or treasonous
Steve Forbes says Inflation is on HER WAY!
Thanks Steve I wish you could have been president ❤
Can’t wait. I need a recession and or a reset of the market.
Wanna be dictator Joe Biden. It's not good for the economy. Or anything else.
Please provide Bengali captions.
We are already in a recession!
I was screaming on facebook don't print out trillions of free money for the covid plandemic. Temporary relief created a lifetime of turmoil. The great reset plan started devalueing the dollar destroying ages of hard work done by Americans saving for retirement. So just stop printing money. Theres too much floating around out there already.
We the people need a law about government-forced vaccines, government should never force any issues on us the people, we are the boss, not them we paid them to serve us and not vice-versa. the people have to ask for their rights to the government, 2 laws should be removed every time a new one is introduced.