What Will The Fed Do Next? David Scranton #5139
The Fed its foot in their mouth by reassuring the markets that rates wouldn\u2019t go higher until 2023. Now they\u2019re in a bind, how can they insure rates won\u2019t go higher when they might need to change things. The real question is, is this inflation, temporary or permanent. Lumber and copper are rocketing higher. Are they temporary, as the Fed says or will we go back to normal? They\u2019re hoping against all hope that they\u2019re right. It\u2019s unprecedented, we\u2019ve never before shut down the economy before. No one knows what the results might be. They\u2019re waiting as long as possible before they tighten. If they do tighten, it might be inclined to slow down QE. Vacation travel is picking up dramatically and thus raising FL\u2019s Covid rate. Where does the massive tilt to socialism end? It\u2019s just a matter of time till the have nots vote to take everything from the haves.