Fed’s Powell shouldn’t ‘waste’ interest-rate cuts and risk resurgence of inflation, says ‘The Big Short’ investor Steve Eisman

Fed’s Powell shouldn’t ‘waste’ interest-rate cuts and risk resurgence of inflation, says ‘The Big Short’ investor Steve Eisman

Upworthy

Published

“‘They’ve [The Fed] engineered what looks to be a soft landing, inflation is coming down, the economy is still strong. Why would you waste rate cuts now and risk a resurgence of inflation when all you really need to do is declare victory?‘” Steve Eisman, the legendary investor known for predicting…

#steveeisman #michaellewis #bigshort #federalreserve #jeromepowell #paulvolcker #greatdepression #cmefedwatchtool #oppenheimer #neubergerberman

Full Article