QE is on the Way
On Friday night, Peter took again to X Spaces to comment on the Fed’s recent decision, the stakes of the upcoming election, and Bitcoin, among other topics. He spends most of the Space interacting with his followers and responding to their questions. Follow Peter on X to catch the next Space he hosts.
Peter starts by addressing the big news from last week: the Fed announced rate cuts of 50 basis points, signaling a return to monetary policy from the Great Recession era:
“There’s no doubt in my mind that we’re going to have quantitative easing probably at the latest by the first quarter of 2025. The Fed may even start after the election, depending on how bad things are. But the rate cuts were just the beginning. Powell and the guys at the Fed are saying, ‘Well, the economy is great. Everything is awesome, but we’re cutting rates by 50 basis points anyway–’ something that they rarely do.”
The Fed insists that inflation is under control, but it’s still above the typical 2% target they’re expected to target:
“The Fed is cutting rates, claiming a victory over inflation when it should be obvious to anybody who understands inflation that it’s about to go through the roof. We saw a big breakout in inflation up to 9%, we’ve now seen a pullback to around 3%, and we’re now finding support above what
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.