Powell Admits Soft Landing May Be Bumpy – Ep 811
The Peter Schiff Show Podcast
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The Fed Is Making the Same Mistake in Overestimating Inflation
Powell talked about how strong the economy is, he also talked about how healthy households were. He said tighter monetary policy would not be a problem because there was so much household wealth and their balance sheets were in such good shape. But of course, none of this is true. Look at what's happened to mortgage rates. Lay offs are obviously coming as a result of this tech wreck. There's a lot of indications that those balance sheets are about to come under a lot of stress. You know that fed is making the same mistake in overestimating the strength of houso balance sheets. That will result in more, not less, inflation.
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