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DiewConklan
Bloomberg Television
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Comments by "DiewConklan" (@hRt42kuo7jTtmk14) on "Oaktree's Marks Says Fed Should Raise Rates" video.
If history is any indicator of future outcomes then we could see rates between 7%-12% in the next 18 months in order to stop this runaway inflation. If anyone thinks an interest rate bump of just a couple percent is going to stop this inflation then they are dreaming. Those kinds of small increases never had any effect on inflation when inflation was at these same levels in the 70s and 80s. And at some point the Fed is going to have to step up and stop inflation from running away because that’s their job, regardless of what 5%-7% interest rates might do to the economy. You can’t have it both ways.
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