<p>Steve Hanke criticizes Trump and Fed Chairman Powell for their flawed focus on interest rates over money supply, blames the Fed for exacerbating income inequality, and argues that tariffs cause temporary price blips while money supply drives long-term inflation trends.</p> <div> <p class="sr-only">Remote video URL</p> <iframe src="https://www.youtube.com/embed/FSvwk9T2fF4?enablejsapi=1" data-src="https://www.youtube.com/embed/FSvwk9T2fF4?enablejsapi=1" data-thumbnail="https://cdn.mises.org/oembed_thumbnails/x_QqOMsskWvN4hXmBuTB5YgE974ygA_TFvUV1mom6I0.jpg" class="media-oembed-content w-full aspect-video bg-misesGreyBlue" title="Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers" loading="lazy" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="" width="100%" height="auto"> </iframe> </div> 

Steve Hanke criticizes Trump and Fed Chairman Powell for their flawed focus on interest rates over money supply, blames the Fed for exacerbating income{ai:summary}<p>Steve Hanke criticizes both former President Trump and Federal Reserve Chairman Jerome Powell for prioritizing interest rates instead of money supply management. He contends that the Fed's approach has worsened income inequality.</p><p>Hanke argues that while tariffs may lead to short-term price increases, it is the money supply that fundamentally influences long-term inflation trends. #economy</p>

Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers

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