It Was the “Strong” Economy That Was Transitory – Ep 812
The Peter Schiff Show Podcast
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The Fed Is Going to Reduce Inflation, but That's Ok, Yes.
The Fed is going to reduce this inflation, even if it means we have to take a little momentum off the economy. But since it's so strong, it has so much extra to give. Member pal unemployment is so low, that even if it notches up a couple of points because we have to raise interest rades to two, two and a half %, to fight inflation,. Well, he'll be singing a different tune if unemployment spikes up to four% or five%. Now it's a whole new ball game. We don't actually need to continue hiking rates. And i think initially the markets will buy that, but of course, it will result in a big rally in gold
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