Fed must ‘inflict more losses’ on stock-market investors to tame inflation, says former central banker

MarketWatch/William Watts/4-6-2022

“It’s hard to know how much the U.S. Federal Reserve will need to do to get inflation under control. But one thing is certain: To be effective, it’ll have to inflict more losses on stock and bond investors than it has so far.” – Bill Dudley, former New York Fed president

USAGOLD note: If Dudley is right that the Fed is likely to push the stock and bond markets over the cliff, would it not be prudent to stay diversified? To say the least, Dudley’s comments will not be welcome on Wall Street.