FAST FIVE: Peter Schiff: Jerome Powell Still Thinks He Can Pull Off The Impossible
What matters more is that they're not zero anymore, they're going much higher, and you have a market that is priced basically for free money – for zero percent interest rates.” Not to mention quantitative easing.
– Not only are those supports gone, but now we have the opposite.
Well, now we've got a huge inflation problem.
The Fed has kicked the inflation can down the road for 12 years.
But this is a giant game of chicken, and I think Powell is going to keep up this pretense as long as he possibly can.” Tyler Durden Wed, 09/28/2022 – 13:05.