Heritage Foundation chief economist E.J. Antoni warned on Newsmax on Saturday that a largely overlooked Federal Reserve move to resume buying securities signals a return to money creation that could drive prices higher next year, even as policymakers tout recent interest rate cuts as progress against inflation.
Antoni said on “The Count” that recent Federal Reserve actions go well beyond the widely reported interest-rate cuts and could reignite inflation pressures heading into next year.
The Federal Reserve this week lowered its benchmark overnight lending rate by a quarter point, marking the third rate cut of the year and closing out its final policy meeting of 2025.
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