Warsh is bluffing. The Fed can’t raise rates enough to beat inflation without a $3 to $4 trillion interest bill, bank failures and defaults. So it will abort this hike cycle and go back to QE. Soon.
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Warsh is bluffing. The Fed can’t raise rates enough to beat inflation without a $3 to $4 trillion interest bill, bank failures and defaults. So it will abort this hike cycle and go back to QE. Soon.
Watch the full episode:
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