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 challenges does Schenker identify regarding monetary policy in the face of a recession?

What does Schenker suggest about the Fed's ability to respond to economic conditions?