'ABSOLUTELY DESTRUCTIVE': Forbes SOUNDS OFF on HIGHER interest rates

• Forbes criticizes the Federal Reserve for considering higher interest rates in response to inflation driven by external shocks like the Middle East conflict, calling it 'preposterous' and 'destructive'.
• He argues that the Fed's primary role should be to maintain a stable dollar, as it cannot control geopolitical events or supply-side inflation.
• To achieve positive real wages and economic growth, Forbes advocates for reducing taxes and ensuring a stable currency, citing historical examples like Reagan and Trump's first term.

Steve Forbes criticizes the Federal Reserve's potential for higher interest rates, calling it 'destructive' given the economic impact of the Middle East conflict. He argues the Fed should focus on a stable dollar, not depressing the economy. Forbes advocates for reducing taxes and maintaining a stable currency to achieve positive real wages and economic growth.