Fed Should End 'Crazy' Policy Tightening, Says SMBC's Lavorgna

The video discusses the potential risks and consequences of the Federal Reserve's current monetary policy, particularly focusing on interest rate hikes. It highlights concerns about reigniting credit creation and inflation, while analyzing various economic indicators like the yield curve and commodity prices. The discussion also covers market expectations for future rate hikes and the potential for a recession by the third quarter. The impact of rate hikes on money markets and deposit flight is also examined, questioning the effectiveness of the Fed's approach.

What are the implications of the Fed's current policy on inflation and credit creation?

In what ways could raising rates be exacerbating the current economic issues?