The Fed’s forecasts
Repost from 6-8-2021
“There is an old saying that investors shouldn’t fight the Fed. It is equally true that the Fed shouldn’t fight economic reality.
USAGOLD note: David Kelly, chief global strategist at J.P. Morgan, says the Fed needs to rein it in – that its “super-easy money policy is just asking for trouble.” If it doesn’t, it risks a boom-bust scenario when the Fed is forced to tighten “triggering an asset price crash and a recession.”