Video News/Market Analysis

Jeremy Szafron, Anchor at Kitco News, interviews David Rosenberg, Chief Economist at Rosenberg Research, who delivered a critical assessment of the U.S. Federal Reserve, calling it the "weakest Fed ever" in his 40-year career. Rosenberg explained how the Fed has fallen 150 basis points behind market expectations, contributing to what he believes is an inevitable recession that is already underway. Small-cap stocks are flashing recession warnings, cracks are forming in the labor market, with retail jobs declining and underemployment rising. Rosenberg warned that unless the Fed acts more aggressively with rate cuts, economic recovery could be delayed until 2026.