The Julia La Roche Show · Saturday, September 19, 2026
Chris Whalen argues that the Federal Reserve's actions are becoming increasingly irrelevant in controlling inflation due to the significant two trillion dollar annual deficit. He believes many are still trying to combat inflation with outdated economic tools from the 1980s, failing to account for the impact of government spending.
“So I think we have a large crowd of people, Julia, who are still looking at monetary policy and inflation with the tools of the 1980s.”
“They don't realize that the large deficit, two trillion dollars a year, come on.”
“That is the defining factor right now. What the Fed does is almost irrelevant.”