The Fed’s Major Oversight: Ignoring This Key Metric Could Harm the U.S. Economy—Here’s What’s Next

"Steve Hanke, Professor of Applied Economics at Johns Hopkins University, criticizes the Federal Reserve for ignoring the M2 money supply, a crucial metric in managing monetary policy. In an interview with Michelle Makori, Lead Anchor at Kitco News, Hanke argues that the Fed’s lack of attention to money supply data is a significant oversight, affecting its ability to manage the economy effectively. He expresses frustration with the Fed’s approach, describing it as bizarre and counterproductive, and provides insights into what this could mean for future economic policies.

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