Schenker: Stick a Fork in the Fed, They're Done

Jason Schenker discusses the Federal Reserve's stance and predicts a recession based on various economic indicators. He highlights the prolonged negative growth in industrial production and challenges in the manufacturing and retail sectors. Schenker also addresses the limitations of monetary policy in combating a potential recession, given current inflation levels and global economic forecasts.

What is Jason Schenker's prediction regarding the Federal Reserve's actions for the year?

• They will introduce new monetary policies.

• They will maintain the current stance.

• They will decrease interest rates.

• They will increase interest rates.

According to Schenker, what historical data supports the prediction of a recession?

• Increase in durable goods orders.

• Consistent growth in consumer sentiment.

• Eight months of negative industrial production.

• Four months of positive industrial production.

What does the ISM manufacturing index indicate about the current economic state?

• A stable economic condition.

• An economic boom.

• A strong economic growth.

• A potential industrial recession.

What is a significant challenge for the Federal Reserve in addressing a potential recession?

• High unemployment rates.

• Low consumer spending.

• Inflation concerns.

• Excessive government debt.

What did the IMF indicate about the global economic situation in April?

• The world is in a financial crisis.

• Global growth is accelerating.

• There is no cause for concern.

• We are on alert for a crisis.