Comments by "Tsunami Force Commander" (@phillipchan6919) on "Fed Will ‘Pivot Big’ In 2024’s Economic ‘Tornado’ | Steve Hanke" video.

  1. 100% agreed with Dr. Hanke. The Fed has not choice to cut rates because US banks are running out of money. These bank wrote a letter to Powell regarding further interest increases a few months ago. This means US banks are on the brink of collapses. And Powell has no choice to cut interest rate to prevent Bank and Housing from collapses. Powell would rather take inflation return than Bank and Housing collapses. 👍
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