Kitco News, Released on 6/10/22

The inflation rate is now at 8.6 percent, the highest it has been in 40 years. Steve Hanke joins Kitco News to explain why inflation is not going away, and why the Federal Reserve will likely cause a recession. He spoke with David Lin, Anchor and Producer at Kitco News.

0:00 – Recession forecasts
7:33 – What the Fed should do
10:03 – Soft landing
13:08 – Recession severity
14:33 – Inflation and money supply
20:50 – Gold

Steve Hanke is an American applied economist at the Johns Hopkins University in Baltimore, Maryland. He is also a senior fellow and director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC, and co-director of the Johns Hopkins University’s Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Baltimore, Maryland. Hanke is known for his work as a currency reformer in emerging-market countries. He was a senior economist with President Ronald Reagan’s Council of Economic Advisers from 1981 to 1982, and has served as an adviser to heads of state in countries throughout Asia, South America, Europe, and the Middle East. He is also known for his work on currency boards, dollarization, hyperinflation, water pricing and demand, benefit-cost analysis, privatization, and other topics in applied economics. Hanke has written extensively as a columnist for Forbes magazine and other publications. He is also a currency and commodity trader.

  gold, inflation, recession, steve hanke