The Fed’s forecasts

Linkedin/David Kelly

Repost from 6-8-2021

antique image of humpty dumpty clinging precariously to wall“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.”

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