This is an AI generated Episode that will discuss a video, podcast or read an article. The source argues that the Federal Reserve has made a significant error by not cutting interest rates, asserting that the U.S. economy is currently very weak despite official unemployment figures, with declining retail sales, service industry data, and a contracting job market when considering household surveys. The author contends that the Fed's rationale for holding rates steady—fear of inflation due to tariffs or oil price spikes—is historically unsound, as similar past events, coupled with a stagnant money supply, led to disinflation, not accelerated inflation. Furthermore, the source posits that the Fed consistently cuts rates too late, always preceding a recession, and that their actions are more a reflection of economic conditions rather than a true control over the business cycle, suggesting that even a rate cut now would not avert an impending economic downturn. .Want to read the article your self? Check the original source: https://youtu.be/3TRp9Za8eJk?si=RbCrj_5pfq7mJ932
