No Pivot: Powell Put Expires – Ep 772
The Peter Schiff Show Podcast
00:00
Can the Fed Rake Interest Rates Without Hurting the Job Market?
By the time they get around to that first quarter point rate hike, oil prices probably be above a hundred dollars a barrel. As interest rates go up, the cost of financing everything goes up. Even with small rate hikes, a lot of these jobs that we're creted because of the bubble will disappear as the bubble deflates. The problem is it's going to get bigger while they're taking that approach. It's going to grow. And if we raise interest rates enough to actually get rid of inflation, it'll hurt a lot.
Transcript
Play full episode
