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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And the huge problem is the economic community really believes in it.

They think that they can measure inflation, that they can measure the amount of money and control of it within the economy.

And it hasn't been working.

Look at the huge jumps in inflation that we had in the Biden administration.

So I'm afraid they're doing it again this time.

They'll fight against growth as we go into 2026.

That's right.

I think it extends all the way out into 27.

They've got a lock on the board of the Federal Reserve.

But think about it.

If the country is doing well, shouldn't we have lower interest rates, not higher interest rates?

And not just in the short end, but in the long end as well.

That'd be mortgage rates should be coming down if the country is doing well.

But that's not the way the models work.

The Fed's models are entrenched.

So they actually have the idea of there being an output gap that if the economy is growing faster than it should, then you should raise rates.

They also have failed models on inflation.

So let's look at that.

If people's wages are going up, you're going to see it in the price of services.

That gets picked up in the Fed's models on inflation, and they hike the rates to squelch the wage hikes that are going up.

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