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65% chance of recession as inflation heats up to 8.6% – Steve Hanke



The inflation rate is now at 8.6 percent, the highest it has been in 40 years.

Steve Hanke joins Kitco News to explain why inflation is not going away, and why the Federal Reserve will likely cause a recession. He spoke with David Lin, Anchor and Producer at Kitco News.

The Gold Sentiment Report: https://www.thegoldsentimentreport.com/

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Steve Hanke on Twitter: @steve_hanke (https://twitter.com/steve_hanke)

0:00 – Recession forecasts
7:33 – What the Fed should do
10:03 – Soft landing
13:08 – Recession severity
14:33 – Inflation and money supply
20:50 – Gold

#recession #inflation #gold
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