Roubini says Fed may ‘wimp out’ hikes despite inflation

Bloomberg/Manus Cranny and Netty Idayu Ismail/10-11-2021

graphic image of a bull and bear with the words 'stagflation ahead'“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.

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