Veteran Fund manager blasts Federal Reserve with blunt one-word message
The long-time Wall Street money manager had a frank take on interest rates.
You’ve gotta feel bad for Federal Reserve Chairman Jerome Powell.
Since he took over, he’s had to manage the American economy through Covid, post-stimulus inflation, and a bear market in stocks.
His job isn’t getting any easier.
Nowadays, inflation has proven sticky even as job losses mount. Worse, President Trump harsher-than-hoped tariffs make interest rate cut decisions even more challenging. Cut rates, and you risk fanning inflationary flames. Raise rates and you could send the economy into a recession.
