Hello everybody and welcome back to making the argument. Good news. The Federal Reserve has announced that inflation is pretty much dead.

We believe that our policy rate is likely at its peak for this tightening cycle.

And that if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year.

Okay, and now let's go ahead and give you the Fed to English translation.

Essentially, the Federal Reserve believes that inflation has essentially plateaued,

and so therefore the high interest rates that they put on the economy in order to stabilize

inflation can now start to gradually be removed as long as the economy is moving forward. And so now

they're planning about three different rate cuts throughout the year. So what exactly does that mean?

Well, you know all the stuff the Federal Reserve was doing before that kind of led to inflation?

Well, now they think inflation's not so much of a problem. So they're going to go back to,

you know, doing this stuff that kind of led to inflation in the first place. And this kind of begs the question. If we all understand

that this is problematic and maybe not something that we should be doing, why do we continue

to do it? Well, we're going to answer several very important questions that will explain

exactly why certain people seem to like this cycle

because lo and behold, not everyone is devastated by it.

So we're going to discuss what was it like before the Fed?

Why did we actually build a Fed in the first place?

And what does it do?

And then we're going to talk about what these actions do and answer the important question of,

is this actually a form of election interference?

All of that and more coming up on this episode of Making the Argument brought to you by Good Ranchers.

All right.

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