David Malpass

speaker

289 appearances 4 recordings 1 series first heard Nov 2025 last heard 22 Jun

David Malpass’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 4 in all, peaking in Dec 2025 with 2.

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But now we have the Fed locked into the idea of inflation targeting.

It's the opposite of supply-side economics.

What I want is a price rule where the Fed would be able to give assurances on the dollar, and that would allow lower interest rates across the board.

President Trump has put so much energy into a supply side reform of the economy that's supposed to help people and small businesses.

He's deregulating the economy.

The Fed on Thursday reappointed itself by its own authority, 11 of the 12 regional governments.

presidents of the Fed, banks across the country, and also 12 of the 12 first vice presidents.

So you've got the top two across the country that are locked in for another five years.

So they're Trump-proofing the Federal Reserve.

And that means that you're going to end up with rates higher and the dollar not as defended as it should be.

In the Fed's models, they don't defend the dollar.

And that means that the U.S.

is at risk, at risk to foreign competition.

And I think the president should forcefully be asking people,

How are we going to have the massive reforms?

He spent the time, remember, on the Federal Reserve buildings talking about the $3 billion that are being constructed in Washington, D.C.

for the buildings.

But then there hasn't been the follow through to say that changes at the Fed need to promote growth.

for him to be aware that under the surface, people are working against what he's trying to achieve.

That's true in Europe, which you were talking about.

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