Worried about inflation? Don't focus on the Fed

Fiscal policy is going to have a direct impact upon 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."

By Michael McCrae

For Kitco News

Follow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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