Home Federal Reserve Stockman on Fed’s Rate Cut: ‘Peak Moment of Lunacy,’ Signals Recession’s Coming...

Stockman on Fed’s Rate Cut: ‘Peak Moment of Lunacy,’ Signals Recession’s Coming – Source – Fox Business (08/06/2019)

Official portrait of Governor Jerome H. Powell. Mr. Powell took office on May 25, 2012, to fill an unexpired term ending January 31, 2014. For more information, visit http://www.federalreserve.gov/aboutthefed/bios/board/powell.htm

David Stockman appeared on “Cavuto: Coast to Coast” (Fox Business Network, July 31, 2019) and made statements against Federal Reserve rate cuts that triggered the wrath of the audience.