Ronald-Peter Stoeferle: Worried about inflation? Don't focus on the Fed
Kitco News, Released on 11/12/21
Fiscal policy is going to drive inflation, according to Ronald-Peter Stoeferle.
Stoeferle spoke to Kitco on Friday. He is managing partner at Incrementum AG.
"I think we should focus less on what the central banks are doing, and we should focus more on what fiscal policy is," said Stoeferle. On Monday President Biden signed a $1 trillion infrastructure bill.
"I think we should focus on what's coming from the White House in regards to infrastructure projects ... because this has a direct impact on economic growth, but also on inflation compared to the past decade of quantitative easing."
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Ronald-Peter St??ferle is Managing Partner and Fund manager at Incrementum AG, based in the Principality of Liechtenstein. The company focusses on asset management and wealth management and is one hundred percent owned by its partners. Ronald manages a fund that invests based on the principles of the Austrian School of Economics.
Ronald-Peter Stoeferle: Worried about inflation? Don't focus on the Fed added by Herman James on 11/12/2021View all posts by Herman James ?+'