Guggenheim’s Minerd says Fed has ‘abandoned’ monetary orthodoxy

Bloomberg/Alex Wittenberg/3-16-2022

“The Fed has largely abandoned monetary orthodoxy. It’s trying to be too cute in how it’s managing this.” – Scott Minerd

USAGOLD note: Most would agree that the net result has been a marked increase in market uncertainty and volatility across the boards. He says the Fed risks an “accident” (presumably runaway inflation) by failing to control the money supply.