Fed should hike interest rates immediately to cut stagflation risks, economist Stephen Roach suggests

CNBC Trading Nation/Stephanie Landsman/11-16-2021

artist rendering of the Titanic and icebergs

“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.

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