Emergency Rate Cut? Bankruptcies Reach Highest Level In Decade | Thomas Hoenig
Description
Thomas Hoenig, former President of the Kansas City Fed, former Vice-Chairman of the FDIC, and Distinguished Senior Fellow at the Mercatus Center discusses the outlook for economic growth, monetary policy, and health of the banking sector.
*This video was recorded on August 12, 2024
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0:00 - Intro
1:00 - Emergency rate cut?
3:15 - Fed mandates
5:30 - Every recession followed a peak in rates
7:30 - Recession likelihood
12:00 - Monetary policy rate cut
15:33 - Optimal Fed Funds rate
17:00 - Should President make Fed policy?
20:05 - Treasury debt issuance and elections
23:58 - Bankruptcies rising
25:18 - 'Vulnerabilities' facing banks
27:35 - Community banks
#economy #election #federalreserve
United States
