Category: Barry Sternlicht

Jerome Powell and the Fed’s ‘band of lunatics’ are getting inflation all wrong and their actions will break trust in...

Newsbreak 7 months ago in aggressive rate hikes, Around The World, Barry Sternlicht, commodities prices, CPI, Fed, fed inflation, fed pause, Housing Market, Markets, MI Exclusive, Powell, Rate Hikes, recession prediction, Stock Market Crash 0

CNBC/Getty Images Powell as his “band of lunatics” have gotten inflation all wrong, Barry Sternlicht told Fortune.  He criticized the Fed’s delayed response on inflation and for reacting to lagging indicators. Its actions could result in a policy error that breaks trust in capitalism, he warned in the interview.  Jerome Powell and the Fed’s “band of lunatics” are getting inflation all wrong, and their actions…