Pippa Malmgren: Crash Landing Ahead? Fed May Cut Rates but We’ve Run Out of Time (Part 2/2)

ITM Trading, Released on 5/13/24

For Part 1 of this interview, CLICK HERE

“We’re pretty much running out of time for them to do a rate cut,” says Dr. Pippa Malmgren, American entrepreneur, economist, and presidential advisor, in the second part of her interview with Daniela Cambone. Malmgren explains that it’s less likely for the Fed to cut rates before the presidential election because they would risk being accused of “helping the incumbent” if they do. Additionally, she notes that rate changes usually occur when there’s a clear signal of where the economy is headed, but before an election is not the opportune time. She further emphasizes that rate hikes didn’t significantly alter liquidity conditions. Malmgren also shares her perspective on current affairs, suggesting that World War III will be an invisible technological war. “We’re in a world where this battle may not involve hand-to-hand combat, but rather power grids going down or other significant events.”

Philippa “Pippa” Malmgren is an American technology entrepreneur and economist. She served as Special Assistant to the President of the United States, George W. Bush, for Economic Policy on the National Economic Council and is a former member of the U.S. President’s Working Group on Financial Markets and The President’s Working Group on Corporate Governance. She obtained her PhD from the London School of Economics in 1991 and was the Commencement Speaker at LSE in 2013 and 2016.

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