By Independent News Roundup
Interview with Ryan McMaken Lena Petrova May 09, 2025
The U.S. economy contracted 0.3% in the first quarter of this year, and the Federal Reserve just issued a warning of growing stagflation risks. In the meantime, President Donald Trump is pushing the Federal Reserve to lower interest rates.
The push for low interest rates and monetary inflation benefits Wall Street at the expense of Main Street. These policies disproportionately serve the wealthy by inflating asset prices, boosting disposable income for top earners, and rewarding those with significant debt and investments. Meanwhile, lower-income Americans, who own fewer assets and benefit less from such policies, face rising costs and minimal income gains.
Ryan McMaken notes that Fed Chair Jerome Powell's latest warning is a major red flag, as the Federal Reserve habitually downplays economic risks and misrepresents warning signs.
Ryan McMaken is an economist (Austrian economics), executive editor at the Mises Institute, writer, and the author of “Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities" and “Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre”.
Follow Ryan McMaken on X (Twitter): https://x.com/ryanmcmaken.
Read more of his work here: https://mises.org/profile/ryan-mcmaken.
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