The David Lin Report · Saturday, August 8, 2026
Ed Yardeni believes the Fed's decision to reverse rate cuts at the end of last year was unnecessary and worsened the underlying inflation problem. He states that inflation is closer to 3 percent, not the Fed's target of 2 percent.
“I, I didn't think they were necessary, and I I think that those rate cuts really just exacerbated, uh, the, uh, the underlying inflation problem.”
“You know, inflation is not 2 percent. It's closer to 3 percent by by most components of the, uh, inflation rate.”