Schenker: Stick a Fork in the Fed, They're Done

Jason Schenker discusses the Federal Reserve's stance and predicts a recession based on various economic indicators. He highlights the decline in industrial production and challenges in the manufacturing and retail sectors. Schenker also addresses the limitations of monetary policy in combating a potential recession, given current inflation levels and global economic forecasts.

What is Jason Schenker's prediction regarding the Federal Reserve's actions for the year?

• The Fed will decrease interest rates.

• The Fed will maintain the current rates.

• The Fed will increase interest rates.

• The Fed will introduce new monetary policies.

According to Schenker, how many consecutive months of negative industrial production indicate a recession?

• Eight months

• Six months

• Two months

• Four months

What does Schenker suggest is the current state of the ISM manufacturing index?

• Above 60

• Above 50

• Below 48.5

• Below 40

What is one of the main challenges in using quantitative easing according to Schenker?

• Global trade tensions

• High unemployment rates

• Low consumer confidence

• Current inflation levels

What did the IMF indicate about the global economic situation in April?

• The economy is stable.

• We are on alert for a crisis.

• We are in a crisis.

• The economy is growing rapidly.