The Federal Reserve hiked interest rates by 75bps. John Cochrane, Senior Fellow at the Hoover Institution at Stanford University, comments on this rate hike. He also talks about how fiscal and monetary changes are required to fight inflation, as well as whether the gold standard would help control price levels. He also discusses his new book, ‘A Fiscal Theory of the Price Level.’ He spoke with David Lin, Anchor and Producer at Kitco News.
Follow David Lin on Twitter: @davidlin_TV (
Follow Kitco News on Twitter: @KitcoNewsNOW (
Follow John Cochrane on Twitter: @JohnHCochrane (
0:00 – Fed rate hikes and inflation
3:56 – Will there be a ‘recession’?
5:35 – Labor markets
6:32 – Real causes of inflation
10:04 – Green energy schemes
12:19 – Infrastructure and inflation
13:33 – Would inflation stabilize by itself?
16:17 – How to combat inflation
24:49 – Money supply and inflation
26:51 – Asset pricing
30:00 – Economic growth forecast
#stocks #inflation #gold
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23 Comments
Europe's inflation of the 19 countries is through the roof some 22%
Have Politicians stop giving their constituents gifts from the Treasury !! Live within their means like the rest of us !
The US lowered their CO2 emissions by dismantling most of their industry and moving production to China.
Printing 5 trillion dollars isn't a monetary policy ? Servitude to inanimate objects is absolutely monetary policy and our lives are the insurance.
Remember the old pacman, that's money feeding on us….
Bankers should learn don't get high on your own supply, but they really had no choice. Born into it the servitude to inanimate objects.
I think we should all remain servitude to inanimate objects and see if we can really bow ourselves up with nuclear weapons in that servitude huh ?
This is idiotic. It's not weird. We stopped counting millions of ppl on unemployment for over 2 to 3 years now. Unemployment numbers are bs and are massive now with layoffs on the horizon we are going to be in a massive contraction if we continue fed policy. Not weird ral simple
Another supply side economist (Hoover institute think tank). These economic ideas have caused the immense problems average Americans face today.
John Cochrane is an authority in asset pricing. Anyone that has studied finance at post-graduate level will be very familiar with his book (Asset Pricing, 2001). Great to see him talking about markets in this interview. Hopefully there will be more.
Jim Rogers said a bit about the new norm of volatility in invesrment assets.
Bitcoin is wonderful for people who buy it and sell it and trade it. I know people who are having fun trading it; nothing wrong with that. But if it ever becomes successful as a currency, no government's going to allow that. No government wants to lose its control – they all love their monopoly, they're not going to give up their monopoly.
Because we've made so many mistakes this time around, interest rates will have to go very, very high. We will have a serious recession; many people will go bankrupt, we're going to have a lot of problems. There's no other way to solve the problem other than to have double-digit, Volcker-esque interest-rate hikes."
We need to raise interest rates a lot, and have a lot of pain. Or we let people continue to print money, and have horrible, horrible inflation, and cause even more pain. I don't know how we solve the problem
of too much inflation without pain.
Kitco news is becoming a dump ground for doomsday analysis…not even news anymore. Gold to 3000 or Rate to 9.0%…
So much bullshit.
Markets will wake up here soon….Then market will drop again!
As soon as he started playing up monkeypox I knew this guest would be off base.
I really missed my calling as an economist… I actually understand more than this guy about the economy than he does. (I'm an investor that runs my own money.) Should I be pleased with myself or depressed?
Who would take a monkey pox vax? You're out of your mind.
Pandemic. War. Famine. Next thing will be fake alien invasion
Great guest, but please have him back up next time to move his camera twice as far away from his face as he was on this vid. He was way too close to the camera… especially on a 65-in TV! Also you can see part of his microphone which was probably unintended
Great interview. Well done to the interviewer. Good questions and you gave him ample time to answer.
END the evil satanic CENTRAL BANKSTERS and WORLD ECONOMIC FORUM WEF
I believe that the Eastern nations are going to force the US into hyperinflation. They are more than likely gonna sell off bonds and use a new currency standard. This would basically destroy the US
Todays inflation was triggered by COVID when we effectively shut down the world and then try to restart and everybody needs gas and the line ups (supply chain management) are a mile long and are only starting to get better (semi conductors et all….) But with all the added traffic and fuel demand (ships trains, trucking industry) and the generational lack of investment in fossil fuels…the price of oil sky rockets and takes over from supply chain as the chief impetus for inflation and it snowballs in the economies.
Just look at this quarters revenue from the likes of Exxon $116B T vs 68B Chevron 69B vs 38B Conoco 20B expected vs 9.5 OR $205 B vs $125.5B just for the quarter and ONLY 3 companies…so transportation cost are up huge, gets added into pricing and it spirals. And yes the war in Ukraine exaccerbates it.
So when MR Stanford – John Cochrane say OIL has nothing to do with it…I call BS.
This man seems like he is arrogant and stuck in his thinking. I disagree that we need to return to the old system. To much poverty.
Easy to say to return back to the old system when you've already made your millions.
Also, with quantitative easing, there was inflation. In assets! So this guy is a liar or a moron.