Roubini says Fed may ‘wimp out’ hikes despite inflation
“Nouriel Roubini — renowned for foreseeing the mortgage collapse that helped produce the 2008 financial crisis — said the Federal Reserve may find it tough to tighten policy if growth slows and markets sell off like they did in the fourth quarter of 2018.”
USAGOLD note: As we have indicated here consistently over the past several weeks, the Fed is between a rock and a hard place when it comes to withdrawing from the bond market. The taper tantrum looms largely in the wings. Among several alternatives to hedge what’s ahead, Roubini recommends gold.