Money
Danny Dee Says Last Year's Fed Rate Cuts Were Major Policy Mistake
Forward Guidance
Passive Easing Is Fueling The Next Inflation Wave | Danny Dayan
What was said
"I called very loudly proclaiming to clients as well as on X that last year's rate cuts were a policy mistake. A big part of it is I didn't think they understood the labor supply issue."
Macro analyst Danny Dee argues the Federal Reserve misread labor market conditions and cut rates prematurely last year. He believes the rate cuts reinvigorated interest-rate sensitive sectors of the economy and contributed to accelerating inflation, with core inflation running at 4.4% annualized before recent conflicts.
Verification status
Attributed speaker claim
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Source and context
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- Programme
- Forward Guidance
- Episode
- Passive Easing Is Fueling The Next Inflation Wave | Danny Dayan
- Clip time
- 4:05
- Original source
- Watch the source segment →
From this episode
Forward Guidance