Green: Fed Decision ‘Disastrous’, Committee Has ‘Completely Lost the Plot’
Schwab Network · Schwab Network
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Show Notes
Michael Green believes the Fed decision is “disastrous,” ignoring the current energy crisis when the market needs stimulation. He accuses them of having “completely lost the plot,” saying they are not correctly counting business formation vs the gig economy. He thinks there should have been four rate cuts this year. The Fed is “empirically behind the curve,” he argues, based on the way that they gather data. “This is a much more dangerous environment than the Fed is apparently aware of.”
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