Why This Investor Thinks The Fed Is Making a Policy Mistake with Daniel Lacalle

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Ash Bennington sits down with Daniel Lacalle, chief economist at Tressis, to unpack the latest US GDP report, the Federal Reserve’s decision to hold rates, and what the data really says about the strength of the American economy. Daniel argues that the GDP miss was largely driven by lower government spending and higher imports—not a collapse in private-sector demand. They also examine inflation, elevated interest rates, and why Daniel believes the Fed is using the wrong tool to address energy-driven price pressures. Recorded on July 30, 2026 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Timestamps: 0:00 - Daniel Lacalle Returns to Real Vision 0:19 - The Real Story Behind the GDP Miss 1:19 - Why Lower Government Spending Matters 3:55 - Consumption and Investment Remain Strong 4:29 - Is AI Really Driving All US Growth? 5:21 - How Elevated Rates Hit Small Businesses 6:44 - Why the Economy Is More Resilient Than Expected 7:17 - Manufacturing Continues to Expand 9:03 - The Fed Holds Rates Steady 10:19 - Why Energy Inflation Changes the Equation 11:32 - The Fed Cannot Print Barrels of Oil 12:09 - Rates, Employment, and the Dual Mandate 13:12 - Why Higher Rates Could Hurt Families 14:03 - Daniel’s Criticism of Recent Fed Policy 15:14 - Balance-Sheet Policy vs Interest Rates 17:08 - Currency Weakness and the Yen Warning About Real Vision™: We arm you with the knowledge, the tools, and the network to succeed in your financial journey. Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Website: 🔥 https://rvtv.io/3Y4t5Pw 📈 Get your Real Vision swag: https://shop.realvision.com 📣 Elevate your brand with Real Vision. Connect with us at [email protected] to explore advertising possibilities. Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf #daniellacalle #ashbennington #federalreserve #inflation #gdp #interestrates #useconomy #macro #markets #investing #manufacturing #monetarypolicy #realvision #finance #economy