Jay Powell said in December 2021 that the Fed would target federal funds interest rate of 0.9% by the end of 2022. But in the past week, several other Federal Reserve Board members have spoken out, with President of the St. Louis Fed James Bullard calling for the rate to reach 1.0% by July 2022. Is the Fed in disarray? Tom Luongo of Gold, Goats, and Guns says no, just at war with the Davos crowd and the European central bank. He joins Tom to discuss.
Tom Luongo is a former research chemist, amateur dairy goat farmer, anarcho-libertarian, and obstreperous Austrian economists. He now publishes the Gold Goats, and Guns newsletter and podcast and contributes to a variety of publications, including, but not limited to Seeking Alpha, Russia Insider Halsey News and Newsmax media.
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It makes a great introduction to the government’s most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike.
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