Stephen Roach: Fed is 'in denial' and should hike interest rates immediately to cut stagflation risks

CNBC (via MSN), Released on 11/15/21

"They're in denial. They continue to harbor the view that these are transitory Covid-related rebound effects."

I would just put the burden of responsibility on the Fed. The longer they defer a more meaningful monetary tightening, the great the risks of stagflation."

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Stephen Roach: Fed is 'in denial' and should hike interest rates immediately to cut stagflation risks added by Herman James on 11/16/2021View all posts by Herman James ?+'