Share this postCopy linkFacebookEmailNotesMoreIronsides Macroeconomics 'It's Never Different This Time'The Fed is Fattening the Recession Tail0:00Current time: 0:00 / Total time: -13:43-13:43Paid episodeThe full episode is only available to paid subscribers of Ironsides Macroeconomics 'It's Never Different This Time'Subscribe to listenThe Fed is Fattening the Recession TailThe Powell Fed's policies have been procyclical since the pandemic, their current approach is increasing recession risk.Barry C. KnappApr 21, 2025∙ PaidShare this postCopy linkFacebookEmailNotesMoreShareThis is an audio summary of our April 19 note, The Fed is Fattening the Recession TailFigure 2: The first two April regional Fed surveys showed capital spending plans even weaker than the early ‘10s, the second weakest post-war capex cycle.Barry C. KnappManaging PartnerDirector of ResearchIronsides Macroeconomics LLC908-821-7584bcknapp@ironsidesmacro.comThis post is for paid subscribersSubscribeAlready a paid subscriber? Sign inIronsides Macroeconomics 'It's Never Different This Time'Macroeconomic and public policy strategyMacroeconomic and public policy strategySubscribeListen onSubstack AppSpotifyRSS FeedAppears in episodeBarry C. KnappRecent EpisodesNot So SolidJun 30 • Barry C. KnappTransitory PurgatoryJun 23 • Barry C. KnappDisinflation ResumptionJun 16 • Barry C. KnappFiscal Food FightJun 9 • Barry C. KnappThe Policy MosaicJun 2 • Barry C. KnappClean Up on the Treasury DeskMay 27 • Barry C. KnappTariff Inflation MythologyMay 19 • Barry C. KnappThe Battle over the BudgetMay 12 • Barry C. Knapp