281: Former Fed President Warns Easy Money Will Bring Big Consequences for Investors w/ Tom Hoenig
BiggerPockets Money Podcast
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What Happens When Interest Rates Aren't Raised?
The effect of interest rates isn't immediate. It takes time. And one of the other errors that sometimes happens in central banks is that they get impatient. So if they get to two %, they need to wait and let it catch up. The toughest part or the federal reserve over the next five years or eight years, will be to keep rates not so tight that we strangle the economy but that we slow growth and demand relative to supply.
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