The Fed Is Trying to Crush Wage Inflation

I think the peak is largely behind us, but what he wants to get a handle on is wage inflation and he'll do anything to crush that. I can't see how our level of debt in the United States right now is higher than it was at the end of World War II. Washington has got to get their act together; they've been trying to drain liquidity from the system. There's an attitude in the country as well of I win you lose. I'm going to get mine.