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The John Batchelor Show

#Markets: Rate cuts, rate hikes, timing and none of the above. Liz Peek The Hill. Fox News and Fox Business

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 21 February 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary


#Markets: Rate cuts, rate hikes, timing and none of the above. Liz Peek The Hill. Fox News and Fox Business
https://www.msn.com/en-us/money/markets/theres-a-meaningful-chance-the-feds-next-move-is-a-rate-hike-former-treasury-secretary-larry-summers-says/ar-BB1ioKMt

1923 Federal Reserve Board DC

Transcript

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0:00.0

This episode is brought to you by Cracken.

0:03.0

Crippo is like the financial system, but different.

0:06.0

He doesn't care where you come from,

0:08.0

what you look like, your credit score,

0:10.0

or your outrageous food delivery habits.

0:13.0

crypto is finance for everyone, everywhere, all the time.

0:17.0

Visit Krakon.com slash see what crypto can be.

0:21.0

To learn more, don't invest in as you're prepared to lose all the money

0:24.9

you invest. This is a high- the world with John Bachelor.

0:37.0

Here's John Bachelor.

0:42.0

I welcome Elizabeth Peak, a columnist at the Hill, columnist at Fox News, to comment on what now is a fun game.

0:49.0

It has to do with Federal Reserve. You will recall, Mr Powell, before the end of the year, indicated

0:56.6

that he and the Board of Governors were inclined towards three cuts of the prime interest rate

1:02.1

in 2024. Well here we are approaching springtime

1:06.1

in 2024. The three cuts you've got so many months left. Ten as a matter of fact

1:11.6

I'll count for myself.

1:13.6

Where are you going to put them?

1:14.6

There are restrictions here, not restrictions, guidelines.

1:18.8

One of those guidelines is cuts coming after July, say August or September about the time that people are meeting

1:26.4

in Democratic or Republican convention, is unnecessarily partisan because that would indicate that the markets are going to

1:35.0

respond positively, meaning that it's a drumbeat for the incumbent.

1:40.1

So that means between now and July.

...

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