PoundSterlingLive/Gary Howes/12-9-2022
“It adds to a growing body of economist research that suggests the Fed will simply be unable to achieve its aim of bringing inflation back to target for fear of breaking the economy.,This opens up the potential for a new monetary policy regime that risks wrecking central bank credibility, a second successive rate hiking cycle and a period of protracted stagflation: scenarios these leading economists don’t think markets are prepared for.”
USAGOLD note: The foregoing is the opinion of Societe General economist Solomon Tardese. Albert Edwards, another Societe General analyst who happens to have a large following, agrees with him. “I must share his shocking findings with you. He and I are on the same page. We both believe there is no way that the Fed can break the back of core CPI inflation in this economic cycle,” says Edwards.
