The Federal Reserve just pulled the trigger on its first interest rate cut in nine months. And while Wall Street cheers, those of us watching the deeper cracks in the financial system recognize exactly what this means: The Fed is capitulating. The economy is weakening. And inflation is coming — whether they admit it or not. On Wednesday, Jerome Powell’s Federal Reserve cut the benchmark rate by 0.25%, a move aimed at papering over slowing job growth and mounting economic headwinds. But this isn’t about fine-tuning policy anymore — it’s about survival. And according to former IMF Chief Economist Kenneth Rogoff, it’s a “dangerous path” that ends in inflation, erosion of trust, and a collapsing dollar hegemony. "The Federal Reserve's…
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