Risk of Market Crash Keeps Rising – Ep 800
The Peter Schiff Show Podcast
00:00
Is the Fed Going to Hide Rates?
The Fed's balance sheet is now triple what it was in 20 18, when rates were at two and a half %. That shows the fed knew that the economy was vulnerable to higher inturust rates but refrained from raising them because they didn't want to damage the economy by going after infration. The degree to which the fed now has to raise rates because they waited so long is much greater than if they had acted peremptively before inflation got out of hand. But i think as soon as these guys realize how wrong they are, just like they were wrong about sub prime being contained or inflation being transitory, they think this economy is impervious to rate hikes.
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