Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers

07/17/2025 Power & Market Steve H. Hanke

Steve Hanke criticizes Trump and Fed Chairman Powell for their flawed focus on interest rates over money supply, blames the Fed for exacerbating income inequality, and argues that tariffs cause temporary price blips while money supply drives long-term inflation trends.

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Latest Articles

It Will Take More than Low Interest Rates to Make Houses Affordable

07/17/2025 Mises Wire Ryan McMaken

If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.

Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers

07/17/2025 Power & Market Steve H. Hanke

Why Mises University Matters

07/17/2025 Mises Wire Tho Bishop

Mises University begins Sunday, July 20, and given that misinformation abounds about the economy, it is good to have a forum where students can learn economic truths and stretch their minds.

Subsidies to Amtrak and Siemens: A Pathway To Cronyism For The Few

07/17/2025 Mises Wire J.D. Wong

Despite assurances from Amtrak's administrators that profitability is just around the corner, Amtrak remains a huge money loser. However, even given the long distances of some of the routes, Amtrak could still be profitable if its leadership is willing to make changes.

Democratic Socialism IS Totalitarianism

07/17/2025 Mises Wire William L. Anderson

The word “democratic” is supposed to soften the blow of socialism, with Zohran Mamdani's campaign being the latest to fool the voters. In reality, there is no softening real socialism, as it depends upon coercion, violence, and ultimately becomes totalitarian.

Meet the Writer

Steve H. Hanke

Steve Hanke is a Distinguished Senior Scholar at the Mises Institute and a Professor of Applied Economics at the Johns...

Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers

07/17/2025 Power & Market Steve H. Hanke

Hanke on “Should the EU Bite the 10 Percent Tariff Bullet With the United States?”

07/10/2025 Notes in the Margin Steve H. Hanke

Responding to the question, “Should the EU Bite the 10 Percent Tariff Bullet With the United States?” Steve Hanke writes: It’s difficult to keep up with President Trump’s tariff threats. While Trump...

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