Inflation could lead Fed to hike rates more than 4 times in 2022: Goldman Sachs
Submitted 2 years ago by wigglehard@wolfballs.com to freeforum@wolfballs.com
https://nypost.com/2022/01/24/inflation-could-lead-fed-to-hike-rates-more-than-4-times/
sj_zero@lotide.fbxl.net 2 years ago
The FED is likely making a policy error right now, they are nudging interest rates, when the money supply needs to seriously contract in order to combat the inflation that's going on.
Part of the problem is that they are likely facing extreme pressure from the government not to do what needs to be done. We will be seeing the 1970s again, and I think it's going to be very soon.
My dad talks to me about it quite a bit, that my generation goes around talking about how easy the boomers had it because houses used to be so cheap and all this other stuff used to be so cheap. We are going to get to experience first hand how wrong we were.