The Fed Hikes Until Something Breaks, Something Broke | Jim Bianco
Inflection Point
00:00
The Inflation Problem
I agree with him that he has to keep the inflation rate at least under wage growth. But where I disagreed with him was he waited ridiculously too long to start dealing with this problem. And by not raising rates until May of 22, and then raised them way too fast,. He should have understood that the stresses he was putting on the banking system by doing that and he didn't. Wall Street likes to say, inflation's peaked. It better. Because if it's going to stay at 9%, which is where it was last June, we've got really big problems.
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