Why We Might Get 40% inflation in the US Michael Pento
What would be the direction of J Powell's pivot if he were to make a sudden change in policy? Let's consider a scenario where inflation reaches unprecedented levels, even into the double digits. If Powell were to shift his stance at the slightest indication of an impending recession, it would underscore that the Federal Open Market Committee may never be able to restore interest rates to their regular levels.
With over 27 years of investment experience, Michael Pento founded and currently serves as the President of Pento Portfolio Strategies.
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