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The Rich Zeoli Show

Fed Lowers Interest Rates | Dr. EJ Antoni Joins to Breakdown the Economic Impact

The Rich Zeoli Show

Audacy

News

4.9 • 1.6K Ratings

🗓️ 18 September 2024

⏱️ 54 minutes

🧾️ Download transcript

Summary

Hour 2: Dr. EJ Antoni—Research Fellow in The Heritage Foundation’s Grover M. Hermann Center for the Federal Budget—joins The Rich Zeoli Show and reacts to the Federal Reserve slashing interest rates right before the presidential election. Was it done for political reasons? And will it have an impact on the 2024 election?

Transcript

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0:00.0

the Rich Zioli show, on Tark Radio 1210, W. P. H.D.

0:05.0

And you're welcome back to the show.

0:06.4

Glad you're here 855, 839, 1210 on Twitter at Rich Zioli.

0:12.4

And the Fed has cut interest rates today as a gigantic wet

0:16.3

kiss to Kamala Harris. Gross if you ask me gross.

0:20.7

Matt Desanis Linda Kearns is going to call in in a few minutes the Republican National gross. just some breaking news on that so keep the phones open if you want to weigh in

0:34.2

and anything we're talking about today 855 a 391210 on Twitter at

0:38.3

rich zioli and Biden is taking a victory lap over the fed cutting interest rates.

0:43.2

Look, it's bad.

0:44.5

I think that when you look at them doing this action right now

0:48.4

48 days before the election cutting interest rates.

0:51.7

I, and, and I'll tell you the reason why.

0:54.0

See I'm not an economist obviously because I'm not a math guy so I'd have to know math

0:58.6

to be an economist. I don't know math. I'm terrible at it always happened my entire life.

1:04.0

God gave me many gifts the gift of GAB but not the gift of addition

1:09.0

subtraction division multiplication or anything else in that matter.

1:14.3

Decibel points, nothing.

1:16.8

It's okay.

1:17.7

I take what I can get.

1:19.6

But I do know about consumer confidence,

1:21.7

and I know that that is a psychological thing that's not a math thing

1:25.9

so if you cut interest rates and you go out there and the corporate media parrots well this is a

...

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