Ayna recently hosted the Q1 A-CLG (Ayna.AI Critical Leaders Group) on "2i: inflation and interest rates - impact on our wallet." Distinguished economists, Professor Steve Hanke and Professor Daniel Lacalle, shared their perspectives on the current state and outlook for the economy considering the recent developments in inflation and interest rates.
In his talk, Professor Steve Hanke focuses on the US Economy and explains that monetary policy involves more than just interest rates, and includes the growth rate of money supply, domestic money supply changes causing inflation, and the Federal Reserve's poor inflation prediction. He notes that changes in the money supply take time to affect asset prices, real GDP, and inflation, and predicts near-future changes in these factors due to an 18% annual increase in the US money supply from 2020-2022.