CNBC/Jeff Cox/4-10-2022
“The Fed has been reasonably successful in convincing markets that they have their eye on the ball, and long-term inflation expectations have been held in check. As we look forward, that will continue to be the primary focus. It’s something that we’re watching very closely, to make sure that investors don’t lose faith in [the central bank’s] ability to keep a lid on long-term inflation.” – Jim Baird, Plante Moran Financial Advisors
USAGOLD note: At least for now, the Fed seems to have successfully lulled Wall Street into a false sense of security on what could become runaway inflation, but, as Baird suggests, that complacency could quickly turn to alarm.
