Jim Bianco: Recession Or Inflation - Which Will the Fed Choose?
Wealthion, Released on 3/24/22
These days, the Federal Reserve is walking a knife's edge. High inflation is forcing its hand, and to tame it, the Fed has returned to Quantitative Tightening, hiking rates by 0.25% and promising 6-7 more hikes within this year. But if the Fed hikes too much too fast, it risks driving the economy - which has been slowing dramatically recently - into recession. A painful recession or persisting inflation. The Fed may very likely be forced to permit one in order to contain the other. If indeed faced with that choice, which one will Jerome Powell pick? For an answer to this vital yet very tricky question, we're lucky to be joined by Jim Bianco of macro research firm Bianco Research.
Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Prior to joining Arbor and Bianco Research, Jim was a Market Strategist in equity and fixed income research at UBS Securities and Equity Technical Analyst at First Boston and Shearson Lehman Brothers. He is a Chartered Market Technician (CMT) and a member of the Market Technicians Association (MTA). Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).
Jim Bianco: Recession Or Inflation - Which Will the Fed Choose? added by Herman James on 03/23/2022View all posts by Herman James ?+'