Michael Pento: The Fed is creating a deflationary depression

The Federal Reserve is set to begin selling bonds that it scooped up during the pandemic. Octavio Marenzi of Opimus LLC and Michael Pento of Pento Portfolio Strategies lend their insight to the central bank's latest decision and the continuing inflation facing the nation.

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.