Economist who called 9% inflation has this grim forecast for what’s next – Steve Hanke

Economist who called 9% inflation has this grim forecast for what’s next – Steve Hanke

Kitco News, Released on 7/18/22 Steve Hanke, professor of Applied Economics at Johns Hopkins University, has accurately predicted that inflation in the U.S. will reach 6% to 9%. With the latest headline CPI release coming in at 9.1%, Hanke told David Lin, Anchor for Kitco News, that inflation has peaked for now. 0:00 – Peak […]

Nothing can fix inflation now, ‘economic stupidity’ is underway by the Fed, Biden – Steve Hanke

Kitco News, Released on 5/11/22 Steve Hanke, professor of Applied Economics, discusses where inflation is headed after Wednesday’s CPI release with David Lin, anchor for Kitco News. 0:00 – Latest CPI release 4:50 – Fed’s objectives 9:10 – Oil and food prices 14:41 – Fed monetary policy 19:00 – Fiscal policy 24:33 – Gold Steve […]

Fed’s 25 bps hike won’t reverse inflation, damage will last until 2024 – Steve Hanke

Fed’s 25 bps hike won’t reverse inflation, damage will last until 2024 – Steve Hanke

Kitco News, Released on 3/17/22 The U.S. Federal Reserve hiked the Fed Funds rate by 25 basis points on Wednesday, the first rate hike since 2018. While this move was largely anticipated, the markets still rallied on the news; both the stock markets and safe haven assets like gold rose. The dollar fell slightly. Steve […]

Sanctions on Russia are ‘for losers’; chances of Fed tightening just tanked – Steve Hanke

Kitco News, Released on 2/25/22 Steve Hanke, professor of applied economics at Johns Hopkins University discusses sanctions on Russia, gold, inflation, and monetary policy with David Lin, anchor for Kitco News. 0:00 – “Sanctions are for losers” 5:26 – Economic impacts of sanctions 9:00 – Sanctions are “shooting yourself in the foot” 10:34 – Fed […]