Fed's Powell Has to Correct for December Hike, Sri-Kumar Says

The video discusses the slowdown in the US economy, attributing it to temporary factors like the 2017 tax cut and increased deficit. It highlights the global impact, emphasizing trade as a key growth factor. The Federal Reserve's actions, particularly under Chairman Powell, are scrutinized for not being data-dependent. The video also explores the speculative fervor in markets and the Fed's response to market pressures, suggesting that continuous rate cuts may not resolve underlying issues.

Why does the speaker believe that Chairman Powell cannot wait for data before acting?

What concerns does the speaker raise about potential interest rate cuts by the Fed?