Fed should hike interest rates immediately to cut stagflation risks, economist Stephen Roach suggests
“Roach has been warning stagflation was one supply chain accident away. Now, he contends the U.S. is in the throes of a broken supply chain while consumer demand is at a fever pitch.”
USAGOLD note: Roach believes that the “supply-demand imbalance is going to be persistent. Enduring.” The Titanic continues to steam through quiet but increasingly dangerous waters.